FUND UPDATES |
Global markets bounced sharply in the March quarter after the US Federal Reserve signalled that it was done hiking interest rates and several other major central banks subsequently turned more dovish, including the Reserve Bank of Australia. Following the global lead, the Australian small-cap indices rebounded strongly, with the S&P/ASX Small Ordinaries Accumulation Index and the S&P/ASX Small Industrials Accumulation Index up 12.6% and 12.7%, respectively, for the quarter.
The OC Premium Small Companies Fund (+9.2%) and OC Dynamic Equity Fund (+8.5%) also bounced in the March quarter, albeit our performance lagged the small-cap indices. The OC Micro-Cap Fund returned 13.2% for the quarter, outperforming the index by 1.0%.
View March 2019 reports