Fund update | March 2017
Although market volatility remained low in the first quarter of 2017, there was plenty happening beneath the surface in the small-cap universe with the team seeing an ongoing shift in style preference from growth to value stocks. This resulted in a number of high-quality growth names continuing to de-rate.
The OC Micro-Cap and OC Dynamic Equity Funds enjoyed a strong quarter, returning 5.3% and 4.9% respectively, while the OC Premium Small Companies Fund finished the quarter down 0.3%. We remain confident in the outlook for all three Funds given our stock holdings continue to perform strongly from an operational perspective.
Company visits in April
April is a busy month for the team and we will spend much of it on the road. Having just returned from an overseas trip incorporating Hong Kong, Singapore and Malaysia, we are in Perth, Brisbane, the Gold Coast and Sydney over the balance of the month visiting existing holdings and their competitors, as well as seeking out new investment ideas for the portfolio.
View the March 2017 reports