Insights, August 2021 - Fund Updates

The new financial year continued the positive recent momentum in Australian listed equities with the S&P/ASX Small Ordinaries Accumulation Index recording its sixth consecutive monthly gain and the S&P/ASX 200 Accumulation Index stretching its winning run to an impressive 10 months. Whilst the month was relatively quiet from a company news flow perspective with many companies in ‘black-out’ ahead of August results, corporate activity kicked up another gear with several M&A proposals disclosed during the month including bids for Sydney Airport, Spark Infrastructure Group and Iress Limited.

The OC Premium Small Companies Fund and OC Dynamic Equity Fund started the financial year on a positive note returning +1.8% and 2.0% respectively for the month. This was a solid result given that resource stocks were particularly strong in July, led by battery material names, which saw the S&P/ASX Small Resources Accumulation Index (+7.4%) materially outperform the S&P/ASX Small industrials Accumulation Index (-0.9%).

The OC Micro-Cap Fund returned +1.6% for the month, behind the S&P/ASX Emerging Companies Index which was up +2.8% for the month.

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

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