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The main drivers of the underperformance were the portfolio’s voids, which continued to perform strongly.
It was another month in which the perceived compounders were robust, with the tobacco and pharmaceuticals sectors up strongly.
Disclaimer
Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Beware the bubble in growth stocks: James Lowen and Clive Beagles on the new 'Nifty 50'.
James Lowen and Clive Beagles provide their usual monthly Fund update.
James Lowen and Clive Beagles provide their usual monthly Fund update.
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