Performance update | July 2016
It was a strong month on an absolute basis for flagship fund, OC Premium Small Companies, which finished July up 6.5%. This performance was not enough, however, to keep up with the S&P/ASX Small Ordinaries Accumulation and S&P/ASX Small Industrials Accumulation Indices.
Portfolio remains well positioned despite recent events
Lowered interest rates, Brexit and the Australian federal election have reinforced our view that we are in a 'lower-for-longer' environment. Despite this, we believe the portfolio remains well served being underpinned by companies such as Fisher & Paykel Healthcare and The Citadel Group, that can grow their earnings independent of the economic cycle.
July 2016 fund updates