Insights, September 2021 - Fund Updates

The August reporting season brought a continuation of the positive momentum in equities with the domestic small-cap market shrugging off the impacts of the COVID-19 Delta variant and protracted lockdowns in both NSW and Victoria, as well as news that both the Reserve Bank of Australia and US Federal Reserve will likely begin to taper bond purchases later in the year, to surge to fresh highs. The markets focussed on a likely reopening of the economy in the coming months as vaccination levels surge with so called ‘re-opening’ trades exposed to global growth amongst the best performers for the month of August.

The OC Premium Small Companies Fund and OC Dynamic Equity Fund returned +3.6% and +2.8% respectively in August, both lagging the S&P/ASX Small Ordinaries Accumulation Index and the S&P/ASX Small Industrials Accumulation Index which were up +5.0% and +6.1% respectively for the month.

The OC Micro-Cap Fund returned +2.7% in August, behind the S&P/ASX Emerging Companies Accumulation Index, which was again very strong, up 7.3% for the month.

To discuss our portfolios in detail, contact your local Copia business development team member

View latest reports

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