The MM&E Capital Takeover Target Fund was up +0.28% in February, after posting a loss of -1.40% in January. This result came about while the S&P/ASX 200 lost -5.5% over the same period.
Discounted capital raisings, such as Suncorp-Metway, as well as adhering to stop loss limits helped drive the Fund to its positive result. Negative results came from holdings in Insurance Australia Group, Healthscope and Caltex.
