Performance update | December 2015
The OC Premium Small Companies, Dynamic Equity and Concentrated Equity Funds finished the December quarter on a positive note, up 10.9%, 10.4% and 10.9%, respectively.
Holdings in outdoor media and financial services companies continued to deliver during the period, while healthcare provider, Fisher & Paykel Healthcare, also contributed positively to performance.
The beginning of the 2016 calendar year has already seen an aggressive sell-down of global equity markets, with the Australian bourse falling on each of the first six trading days of the new year. Concerns about the Chinese economy have continued into the new year fuelled by uncertainty around the impact of the rise of US interest rates and China’s stalling growth as it transitions from an investment-led to a consumption-led economy.
While investors are understandably nervous, we don’t believe the present market volatility is a precursor to a more substantial market fall and we remind investors to stay focused on the fundamentals.
View the December 2015 reports: