April was a strong month for equities globally and the domestic small cap market was no exception, with the S&P/ASX Small Ordinaries Accumulation Index rallying throughout the month before finishing up +5.0%. Bond markets stabilised following the release of benign inflation data and central banks in key markets continued to talk down the prospect of rate rises in the short to medium term.
The OC Premium Small Companies Fund posted a solid +5.8% gain in April which was ahead of both the S&P/ASX Small Ordinaries Accumulation Index and the S&P/ASX Small Industrials Accumulation Index which were up +5.0% and +3.9%, respectively, during the month.
The OC Micro-Cap Fund posted a solid +4.5% gain in April, albeit behind the very strong Emerging Companies Index which returned +7.5%.
To discuss our portfolios in detail, contact your local Copia business development team member.
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