Insights, July 2021 - Fund Updates

FY21 was in many ways an extraordinary year with markets casting aside monumental health and economic challenges brought about by COVID-19 to post equity returns which were nothing short of spectacular.

The OC investment team had entered FY21 with a degree of trepidation with the COVID-19 health crisis in full swing across the globe, however the coordinated policy response to the pandemic from central banks and governments unleashed an unprecedented wave of stimulus that ultimately laid the foundations for a global economic recovery that is still gathering momentum as we enter the new financial year.

The OC investment team drew on 60+ years of investment experience to navigate the many challenges thrown at us and we were pleased with the performance of our Funds over FY21. The OC Premium Small Companies Fund and OC Dynamic Equity Fund returned 39.4% and 36.8% respectively for the year, comfortably ahead of the S&P/ASX Small Ordinaries Accumulation Index (+33.2%) and the S&P/ASX Small Industrials Accumulation Index (+33.0%), which both posted their best returns in over a decade.

The OC Micro-Cap Fund returned +52.9% for FY21, which although slightly behind the S&P/ASX Emerging Companies Accumulation Index (+59.2%) for the financial year, was sufficient to see the Fund receive the ‘Highly Commended’ award in the Money Management Fund Manager of the Year Awards in the Australian Small/Mid Cap Equities category.

We would like to thank our investors for their support and encouragement over the past financial year and we remain committed as ever to continue to work diligently to deliver strong returns for you all in the coming years.

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

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