News and Announcements
MHOR Australian Small Cap Outperforms the Small Ordinaries Benchmark by +4.52%
- Published September 27, 2016 10:56AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Welcome to the first monthly report for the MHOR Australian Small Cap Fund. The fund got off to a positive start in its first month, outperforming the Small Ordinaries Benchmark by +4.52%. This comprised a +2.95% absolute positive return (our focus) against a market backdrop of -1.56%.
We started the month with 100% cash and worked steadily through the month to a roughly 95% invested position across 29 listed stocks and 1 pre-IPO investment. During the month, the fund averaged around 50% invested, meaning our underlying stocks performed considerably better than the headline +2.95% absolute performance in the period.
After some positive press the fund has seen a surge in applications. Word of mouth and the inflows has timed nicely with a number of new companies identified to go into the portfolio coupled with our desire to keep a strong cash buffer into the weeks ahead of the US election.
MHOR is expanding, we are pleased to welcome Dominic Rose to the MHOR team. Until recently Dominic was the head of small cap research at Deutsche Bank. Dominic has a long history with small cap stocks and is already adding serious value to the portfolio. Welcome to MHOR Dominic.
To download the MHOR Australian Small Cap Fund August report click here.
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