The MQ Special Events Fund, managed by Macquarie, gained a record +9.23% in May, the seventh consecutive month the Fund has posted a positive return.
1 yr return: +10.64%. Annualised (Sept 2003): +10.78%
The best performing strategies included capital raisings (+4.2%) and targeted buy-write (+3.3%). The glut of attractively-priced equity issues in Australia and New Zealand underpinned performance, particularly while credit markets remained expensive. Investments in the materials, energy, gold and financial sectors in the Fund's targeted buy-write strategy also provided solid returns.
