December 2019
- Fund Updates
The OC Premium Small Companies and Dynamic Funds performed strongly in November on the back of solid AGM updates from many of our core holdings. The Funds both returned +3.8% which was well ahead of the 1.6% return of the S&P/ASX Small Ordinaries Accumulation Index for the month. The OC Micro-Cap Fund also beat its benchmark…
November 2019
- Fund Updates
The Australian small-cap and micro-cap market weakened slightly in October against a back-drop of mixed macro-economic signals, tentative progress on the US and China trade dispute and a swathe of negative earnings revisions in the small-cap space, which is not uncommon at this time of year with the AGM season in full swing. Despite the…
October 2019
- Fund Updates
The Australian equity market remained buoyant in the September quarter, with the small-cap index shrugging off an indifferent reporting season, mixed global economic data and a volatile geo-political environment to post positive returns. Falling interest rates across the globe continue to drive investor risk appetite and the stock market has been a key beneficiary. The…
September 2019
- Fund Updates
The August reporting season was a challenging one across the board in Australian small-caps with just 38% of stocks in the Small Ordinaries Index delivering positive EPS growth in the second half of FY19, the lowest number in a decade. The OC Premium Small Companies Fund and OC Dynamic Equity Fund returned -4.7% and -4.4%…
August 2019
- Fund Updates
The new financial year started strongly with expectations of lower interest rates across most key markets emboldening investor risk appetite which in turn drove global stock indices higher. The OC Premium Small Companies Fund and OC Dynamic Equity Fund had a solid result for July, returning 4.8% and 5.3% respectively, ahead of both the S&P/ASX…
July 2019
- Fund Updates
The OC Premium Small Companies Fund and OC Dynamic Equity Fund finished the quarter in positive territory after returning +4.1% and 4.0% respectively, ahead of the Small Ordinaries Accumulation Index (+3.7%) but behind the Small Industrial Accumulation Index which returned +5.8% over the same period. The OC Micro-Cap Fund returned +8.1% for the June quarter,…
June 2019
- Fund Updates
“Sell in May and go away” so the saying goes, and it was again a challenging month across global equity markets in May. The simmering trade dispute between the US and China re-escalated and combined with political tensions between the US and Iran re-emerging and the threat of US tariffs on Mexican goods, global markets…
May 2019
- Fund Updates
Global markets continued to march higher in April and the domestic small cap market followed suit, continuing the strong rebound of equity markets across the globe in 2019. The OC Premium Small Companies Fund (+6.3%) bounced in April, well ahead of the S&P/ASX Small Ordinaries Accumulation Index which returned 4.1% and in line with the S&P/ASX Small Industrials Accumulation…
April 2019
- Fund Updates
FUND UPDATES | Global markets bounced sharply in the March quarter after the US Federal Reserve signalled that it was done hiking interest rates and several other major central banks subsequently turned more dovish, including the Reserve Bank of Australia. Following the global lead, the Australian small-cap indices rebounded strongly, with the S&P/ASX Small Ordinaries…
March 2019
- Fund Updates
FUND UPDATES | Following a strong recovery in January, equity markets moved higher again in February and the small cap indices have now recovered much of the ground lost in the final quarter of CY18. The February reporting season threw up a mixed bag of results across the Australian small company universe. Overall results were…
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