Portfolio Overview – Jan 2020
The Fund returned +5.45% net of fees for the month of January 2020. The portfolio’s largest positive contributions for the month came from long positions in ResMed Inc, CSL Ltd and Altium Ltd while largest detractors were long positions in Treasury Wine Estates Ltd and Nearmap Ltd and a short position in Link Administration Holdings Ltd. The Fund had 30 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: 3 February 2020.