Insights, September 2020 - Fund Updates

The market continued to rally over the August reporting season with investors taking a ‘glass half full’ approach in casting aside another hard lockdown in Victoria and clusters of COVID-19 cases in both NSW and Queensland, as well as poor economic data across the globe, to instead focus on company results that exceeded our low expectations and rising vaccine hopes.

The OC Premium Small Companies Fund and OC Dynamic Equity Fund returned +10.3% and +8.3% respectively during August, both comfortably exceeding the S&P/ASX Small Ordinaries Accumulation Index which was up a buoyant +7.2% for the month.

The OC Micro-Cap Fund followed up its strong performance in July by rising a credible +13.1% during August. This was shaded by a very strong S&P/ASX Emerging Companies Accumulation Index return of +14.6%, with a host of the more speculative names in the Index, which the Fund typically avoids, helping to drive the outstanding benchmark return.

To discuss our portfolios in detail, contact our Copia business development team.

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TAGS : Australian equities, Australian shares, Dynamic Equity, Fund update, Latest report, Micro-cap, Premium Small Companies, Small caps