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| Strategy | |
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| Fund Overview | The main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock. |
| Manager Comments | Glenmore noted the common theme in April across the vast majority of stocks in the Fund was a recovery from oversold positions at the end of March. While COVID-19 will clearly have had a very significant economic impact, Glenmore believe there are some early signs the business world can navigate this crisis. Following the bounce in stocks in April, the manager now sees earnings risks as more appropriately priced into stocks. Positive contributors in April included People Infrastructure, Dicker Data, Pinnacle Investment Management, Magellan Financial Group, NRW Holdings, Arena REIT, Integral Diagnostics and Charter Hall Social Infrastructure. There were no detractors of any materiality in the month. |
| More Information |
