Fund Objective

The primary investment objective is to maximise total return, from capital and net income combined.

View on Past Performance

The small and mid-cap market fell over September in response to deep problems in the banking sector. The fund outperformed the Lipper median in September. Outperformance was due to key defensive stock names and a high cash position.

Future Expectations

We continue to seek stocks with strong balance sheets and cash generation, as the economic backdrop weakens further.

Fund Details