The Prime Value Growth Fund reported a gain of +2.8% in May, in a month where the Fund outperformed its benchmark (S&P/ASX300 Accumulation Index) by +1.3%.
1 yr return: -22.55%. Annual (Apr 1998): 15.64%
These results, although encouraging, come after the Fund lost over -31% last year. The Fund's cash holding and preference towards defensive stocks with strong balance sheets held back overall performance in May. However the manager believes that while earnings outlooks remain vunerable this is the most prudent way to minimise downside risk while providing upside if the market rally continues.
