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| Fund Name | |
| Strategy | |
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| Latest Return | |
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| Latest 24 Months (pa) | |
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| FUM (millions) | |
| Fund Overview | 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 Comments | 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. |
| More Information |
