Quarterly Fund Updates June 2015
July 8th, 2015
The beauty of investment in small to mid-caps is that despite the structural and macro issues facing the economy, it is always possible to find sectors and stocks that are performing well. Our portfolio continues to be underpinned by companies that can grow their earnings largely outside of the economic cycle including Fisher & Paykel Healthcare, Veda Group, Healthscope and iSentia, as well as companies exposed to the resilient US economy including Servcorp, Hansen Technologies, Ardent Leisure and Treasury Group.
We would like to thank all of our investors for their support over the 2015 financial year. We remain optimistic about the prospects of the companies in our portfolio for the coming financial year and are confident that we can continue to generate string long-term returns for investors.