News & Articles
Monthly Fund Update January 2012
February 8th, 2012
Market Surges as Sentiment Turns Positive
Against the expectations of many investors, the global equity markets clearly went into “risk-on” mode in January, a trend which has continued into early February. Many of our portfolio holdings have positive momentum coming into reporting season including our key consumer related stocks which have recently released positive trading updates. We continue to position the portfolio towards stocks which are not reliant on a strong domestic or global economy for growth.
January 2012 Monthly Fund Update 
December 2011 Quarterly Investment Review
January 12th, 2012
Sentiment Poor but Valuations Compelling
The Australian equity market finished the quarter in the black with the S&P ASX 200 Accumulation Index finishing up 2.1%. This was well behind many of the major international bourses which bounced from oversold levels at the end of the September quarter despite a continuing challenging macro backdrop.
In our view, the equity market is pricing in a material chance of a major sovereign default in the coming months. Should such a scenario be avoided (and we believe that it will be avoided) then we ought to see a strong relief rally in equity markets.
Monthly Fund Update November 2011
December 14th, 2011
Euro-Zone Leads Market Lower
Following a strong bounce in October, the Australian equity market was again weak in November as Euro-zone debt issues continued to weigh on investor sentiment. Last weekend’s EU summit went a long way toward forging the closer economic ties needed to prevent a future debt crisis but there remains some scepticism that such long term steps could solve the current crisis.
Monthly Fund Update October 2011
November 9th, 2011
Market Bounces from Oversold Levels
The domestic equity market bounced strongly in October. This was a reflection of renewed optimism that European leaders may finally agree upon a plan to solve the euro-zone debt crisis and also US economic data that continues to surprise on the upside.
September 2011 Quarterly Investment Review
October 14th, 2011
Equity Markets Fall on the Back of Macro-Economic Concerns
Global macro-economic issues have continued to drive equity markets significantly lower in recent weeks. The Australian equity market is now priced on a similar risk premium as was applied in the depths of the GFC in late 2008 when the world was gripped by a major credit crisis. This is clearly a bearish state of affairs and has been driven by concerns surrounding three dominant macro themes.
Monthly Fund Update August 2011
September 15th, 2011
Australia Well Positioned Against Global Backdrop
The OC team provide an update on the markets and the funds for the month of August and give their outlook for the future.
Monthly Fund Update July 2011
August 9th, 2011
Extreme Volatility Creates Opportunities
The OC team provide an update on the markets and the funds for the month of July and give their outlook for the future.
June 2011 Quarterly Investment Review
July 12th, 2011
Financial Year Ends Against a Challenging Macro Environment
The OC team provide a recap on the financial year and highlight what moved the funds over the quarter, plus our outlook for the markets for the start of the new financial year.
Monthly Fund Update May 2011
June 8th, 2011
Market Volatility Continues
The OC team provide an update on the markets and the funds for the month of May and give their outlook for the month ahead.
Monthly Fund Update April 2011
May 12th, 2011
Market Pulls Back as Australian Dollar Surges
The OC team provide an update on the markets and the funds for the month of April and give their outlook for the month ahead.
Quarterly Investment Review March 2011
April 7th, 2011
OC Funds Deliver Strong March Quarter
The OC team provide a recap on what moved the funds over the quarter, plus our outlook for the markets for the future.
News
- Monthly Fund Update January 2012: Market Surges as Sentiment Turns Positive ...
- Fund Ratings Review: The OC Premium Equity Fund and the OC Dynamic Equi...
- December 2011 Quarterly Investment Review: Sentiment Poor but Valuations Compelling ...
- Monthly Fund Update November 2011: Euro-Zone Leads Market Lower Following a ...