Portfolio Overview – Dec 2019
The Fund returned -1.78% net of fees for the month of December 2019. The portfolio’s largest positive contributions for the month came from long positions in Fortescue Metals Group and Pushpay Holdings and a short position in Whitehaven Coal while largest detractors were long positions in Treasury Wine Estates, Japara Healthcare and National Australia Bank. The Fund had 29 long positions and 21 short positions with largest exposure to medical devices & services and technology stocks. There was relatively less exposure in the banking and materials stocks.
Disclaimer: This communication is issued by Australian Eagle Asset Management Pty Ltd ABN 89 629 484 840, a corporate authorised representative of Alleron Investment Management Pty Ltd AFSL 278856 Suite 301, Level 3, 161 Walker Street, North Sydney NSW 2060. This information does not constitute a recommendation, offer or solicitation to buy or sell any securities. It reflects Australian Eagle’s Portfolio at the end of the month stated and Australian Eagle’s views at
the date of preparation. Both the Portfolio and Australian Eagle’s views are subject to change without notice. This communication was prepared for general information only and does not take account of any person’s objectives, financial situation or needs. Any person considering action on the basis of this communication must seek individual professional advice relevant to their particular circumstances. Past performance figures are no guarantee of future returns.
Date of preparation: 2 January 2020.