Performance update | June 2016
After a volatile period during which small-cap resource stocks continued to outperform and the gold price spiked following the Brexit vote, OC's flagship fund, OC Premium Small Companies, was up 4.1% for the June quarter. The OC Dynamic Equity and OC Concentrated Equity Funds were also up over the same period, returning investors 2.3% and 4.8%, respectively.
Brexit - not a financial crisis
It has been tumultuous few weeks in financial markets with voters in the UK unexpectedly voting to exit the EU - a result that had not been foreseen by many. It is important to remember, however, that Brexit is a political crisis not a financial crisis like the GFC.
Reporting season on the way
We have entered the so-called "black-out" period between the end of the financial year and the August reporting season when company management goes into lock-down and avoids investor communication ahead of full-year results announcements.
June 2016 reports