Global markets continued to bounce in the March quarter with a combination of accommodative monetary and fiscal settings from governments and central bankers, accelerating vaccine rollouts in most countries and positive economic data supportive of a continued upwards trajectory in stocks.
The Australian small-cap indices tracked higher during the quarter with the S&P/ASX Small Ordinaries Accumulation Index and the S&P/ASX Small Industrials Accumulation Index up 2.1% and 3.3%, respectively. The OC Premium Small Companies Fund and OC Dynamic Equity Fund both posted a positive March quarter, up 1.6% and 1.3% respectively, albeit our performance marginally lagged the small-cap indices.
The S&P/ASX Emerging Companies Accumulation Index was up 3.2% for the quarter, ahead of the OC Micro-Cap Fund which returned 0.6%.
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