OC Consolidates Strong Performance
April proved to be a month of consolidation for the OC funds after a very strong March quarter. With the Federal budget this week and the Gillard led minority government’s numbers in the lower house changing almost weekly, we are cognisant now, more than ever, of the impact events in Canberra can have on the domestic equity market.
We have mentioned Warren Buffet’s well known quote in our reports many times, “…be fearful when others are greedy and be greedy when others are fearful”. We believe this to be sage advice in the current environment and the investment team will certainly be looking to take advantage of exceptional opportunities the market may present in any periods of heightened volatility.