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| Fund Overview | Once an opportunity rates on valuation metrics, Sandon Capital assesses whether there is the potential for influencing changes that seek to narrow the discount between the market price and the assessed intrinsic value. |
| Manager Comments | Key detractors for performance for the month were City Chic Collective Ltd (-1.2%) and Iluka Resources Ltd (-1.0%) with positive contributors including Boral Limited. Sandon believe that global markets remain at the mercy of the COVID-19 pandemic, the US presidential election and China tensions, and that the Australian market has been buoyed by the government's significant stimulus announcements. They believe significant proportion of the portfolio is likely to benefit from Federal, State and Local infrastructure spending. |
| More Information |
