Insights, October 2020 - Fund Updates

The OC portfolios rounded out a strong quarter with our key holdings continuing to track well from an operational perspective in an environment where the myriad unknowns, largely brought about by the COVID-19 pandemic, provide a challenging backdrop for stock-picking.

The OC Premium Small Companies Fund and OC Dynamic Equity Fund finished the quarter up +10.9% and +10.3% respectively, whilst the OC Micro-Cap Fund returned +22.6%.

During the quarter the Funds navigated the August reporting season with most of our holdings reporting results in-line or ahead of our expectations. We remain comfortable with the outlook for our portfolios, despite the unknowns around the eventual pathway back to normality following the COVID-19 pandemic.

In recent weeks the focus of investor attention has shifted to the US election, with President Trump’s COVID-19 diagnosis bringing even greater uncertainty and volatility to the market heading into the November 3rd US election. On the domestic front, the Federal Budget has been front of mind in recent weeks and the huge stimulus announced by the Federal government on Tuesday night ought to be supportive of job creation and corporate Australia going forward.

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

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