Aus Eagle Trust marks 3 years of managing money for clients: +16.27% FY19, +21.91% p.a. since inception

Australian Eagle Trust Long-Short Fund celebrates 3 years of consistently strong performance.

Portfolio Overview

The Fund finished the 2019 financial year on a positive note with a return of +6.57% net of fees for June 2019. This month marks the 3 year anniversary for the Fund which has returned +21.91% p.a. after fees since inception (Jul 16), outperforming the ASX 100 index by +8.80% p.a. The portfolio’s largest positive contributions for the month came from long positions in Fortescue Metals Group, OZ Minerals and a short position in Challenger while largest detractors were a long position in Japara Healthcare and short positions in Bluescope Steel and James Hardie.

The Fund had 30 long positions and 19 short positions with largest exposure to medical devices & services and technology stocks. There was less exposure in the financial services and construction material stocks.


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