|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
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.
In December the fund returned -3.18%. NZ-listed tradie app developer Geo Limited (GEO:NZ) was sold down on light volume in during the month, causing >70% of the decline in NAV for the month before bouncing straight back in the first few weeks of January 2022. GEO has been a key contributor to performance of the Fund over CY2021.
The investments that contributed the most to the 25% advance in NAV were a pair of businesses not listed on the ASX (NZ-listed GEO and unlisted digital diagnostics company Ellume) and a pair of takeover situations (IT consulting business Empired and traffic monitoring business Redflex).
Equitable Investors noted they are excited about the year ahead for their core, high conviction investments. They continue to focus on the value catalysts and growth opportunities for the fund's individual investments.