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Printed: 01 December 2022 5:53 PM

News

26 Nov 2021 - Performance Report: Equitable Investors Dragonfly Fund
By: Australian Fund Monitors

Report Date26 November 2021
ManagerEquitable Investors
Fund NameEquitable Investors Dragonfly Fund
StrategyEquity Long
Latest Return DateOctober 2021
Latest Return2.19%
Latest 6 Months8.19%
Latest 12 Months45.96%
Latest 24 Months (pa)22.22%
Annualised Since Inception4.38%
Inception Date01 September 2017
FUM (millions)
Fund OverviewThe Equitable Investors Dragonfly Fund aims to deliver a total return greater than the annual five year government bond rate + 5% pa over the medium-to-long term.

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 CommentsThe Equitable Investors Dragonfly Fund rose by +2.19% in October, outperforming the ASX200 Total Return Index by +2.29% and taking 12-month performance to +45.96% vs the Index's +27.96%.

Equitable Investors noted Dragonfly Fund continued to make advances in the month of October in an environment where top 100 ASX listings and Small Industrials struggled but some elements of the microcap segment found investor demand.

Last month the commented that an increase in volatility early in October was reflective more of shifting sentiment than any change in fundamentals. At the time of writing their October performance report, their view is that it is more of the same in November as bond yields remain volatile while investors digest higher inflation numbers and second guess central banks.
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