Under the Bonnet
Alex and Tom provide an update on a strong quarter for the portfolio as operating performance and share price momentum continued to build.
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Alex Savvides
- The portfolio outperformed in March as operating performance and share price momentum continued to build across the portfolio.
- Of the portfolio’s top 20 holdings, eight stocks did not deliver a positive relative contribution despite strategic progress.
- This provided opportunities for us to increase some of its higher conviction positions and represents latent potential giving us confidence that this portfolio can continue to outperform regardless of any changes in wider macro conditions.
Disclaimer
For professional investors only. 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.
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