13 Apr 2010 - Performance Report: Prime Value Growth Fund

By: Australian Fund Monitors

Report Date	12 April 2010
Manager	Prime Value
Fund Name	Prime Value Growth Fund
Strategy	Equity Long
Latest Return Date	March 2010
Latest Return	5.30%
Latest 6 Months	3.81%
Latest 12 Months	31.17%
Latest 24 Months	0.91%
Annualised Since Inception	16.37%
Inception Date	10 April 1998
FUM (millions)	AU$288
Fund Overview	The PVGF aims to provide superior medium to long-term capital growth, with some income, by managing a portfolio of predominantly Australian equities listed on any recognised Australian stock exchange.
Manager Comments	Prime Value's Growth Fund rode the back of a strong sharemarket to post a gain of 5.3% in March. Positive contributors were BHP Billiton, National Australia Bank and Westpac, while detractors included Nufarm and Downer EDI. The manager believes that conditions remain supportive of equities due to growth in emerging economies, further technological innovation and an improvement in corporate health following a period of cost cutting and debt reduction. The fund's cash holding is currently less than 10%, with Prime Value preferring the mining, mining services, energy and consumer staples sectors.
More Information	» View detailed profile of this fund