| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund is an open ended, unlisted unit trust investing predominantly in ASX listed companies. Hybrid, debt & unlisted investments are also considered. The Fund is focused on investing in growing or strategic businesses and generating returns that, to the extent possible, are less dependent on the direction of the broader sharemarket. The Fund may at times change its cash weighting or utilise exchange traded products to manage market risk. Investments will primarily be made in micro-to-mid cap companies listed on the ASX. Larger listed businesses will also be considered for investment but are not expected to meet the manager's investment criteria as regularly as smaller peers. |
| Manager Comments | Equitable Investors noted there were few catalysts within the portfolio in April, but NAV advanced as gains in one of their larger software positions, field services and trades app developer Geo (NZ:GEO), offset a drift in a couple of others, DIY security tech company Scout Security (SCT) and MedTech software play MedAdvisor (MDR). The Fund participated in several capital raisings during the month that contributed positively. The manager remains focused on the company-specific medium-to-long term prospects for Fund investments and they are very optimistic about those prospects. They emphasised that movements in the Fund's NAV within any monthly period will always be influenced by broader market sentiment. |
| More Information |
