October was a month that played out in two halves across the Australian small-cap equities space with the S&P/ASX Small Ordinaries Accumulation Index rallying sharply in the first two weeks of the month following the expansionary Federal budget laid out early in the month, before selling off later in the month as the US 10-year treasury yield spiked in anticipation of a Democrat clean sweep in the US elections.
The OC Premium Small Companies Fund and OC Dynamic Equity Fund mirrored this pattern, both finishing the month up +0.6%. This was marginally ahead of the S&P/ASX Small Ordinaries Accumulation Index and in-line with the S&P/ASX Small Industrials Index which returned +0.5% and +0.6% respectively for the month.
The OC Micro-Cap Fund returned +1.6%, slightly ahead of the S&P/ASX Emerging Companies Accumulation Index which returned +1.3% for the month.
To discuss our portfolios in detail, contact your local Copia business development team member.
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