The sell-off in the Australian share market in October was largely due to events across the Pacific with rising bond yields in the US and election uncertainty ahead of the US Presidential election weighing heavily on the market. The victory by polarising Republican candidate, Donald Trump, caught the market by surprise leading to significant volatility in equity markets.
We were not immune to the sell-off with our flagship portfolio, the OC Premium Small Companies Fund, finishing the month down 5.4%. Despite this, the Fund continues to deliver investors strong long-term returns with the Fund up 16.9% over the past five years.
October 2016 fund updates