Fund update | June 2017
OC's funds rounded out the financial year with a strong quarter across the board with the OC Premium Small Companies Fund, the OC Dynamic Equity Fund and the OC Micro-Cap Fund returning 6.3%, 6.0% and 5.2% respectively, comfortably ahead of their respective benchmarks.
There was plenty in the way of negative news flow in the domestic small and micro-cap space which moved the needle in the June quarter, notwithstanding the low volatility that persisted across global equity markets. There were numerous earnings downgrades from small and micro-cap companies in June, continuing the trend from May. Fortunately, our funds had little negative news flow and benefited from several profit upgrades during the quarter, including two from The a2 Milk Company.
We enter the new financial year confident out stocks are performing well operationally and that we can continue to deliver strong long-term returns for our investors.
June 2017 reports