|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.
Software company Reckon(RKN) provided a highlight for the Fund as the company struck a deal to sell a business unit, in-keeping with Equitable's view on value and demonstrating their approach to 'bottom-up' investing focused on the opportunities presenting in individual companies. However, they noted in the absence of catalysts elsewhere, the smaller and less liquid listed investments faced broad selling pressure as sentiment was compounded by tax loss selling.
Equitable Investors' view is that nothing about CY2022 has been easy for listed equities and the month of May brought on another round of share price declines as interest rates rose and investors who have not operated in such an environment since 2010 grappled with the implications.