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| Strategy | |
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| Fund Overview | The Fund is comprised of a concentrated portfolio of securities outside the ASX100. The fund may invest up to 10% in global equities but for this portion typically only invests in New Zealand. Investments are primarily made in ASX listed and other exchange listed Australian securities, however, it may also invest up to 10% in unlisted Australian securities. The Fund is designed for investors seeking medium to long term capital growth who are prepared to accept fluctuations in short term returns. The suggested minimum investment time frame is 3 years. |
| Manager Comments | Key positive contributors for the month included Helloworld Travel, News Corp and Southern Cross Media. Key detractors were Bapcor, Breville Group and Collins Foods. Prime Value's view is that the outlook appears to be positive for equities; an impending global rollout of multiple vaccines with high efficacy, global economic growth likely to rebound strongly in 2021 as economies re-open, and interest rates likely to stay very low for many years - a supportive combination. They remain optimistic on the outlook for the Fund and continue to find many appealing new investments. |
| More Information |
