Gary and Dominic provided an insight into the Fund’s’ performance since inception and through the turbulence of calendar year 2022. With record inflation and rising interest rates impacting the economy and sentiment, the financial year has been a story of two halves with solid gains posted in the first six months, followed by negative returns in the ensuing months.
The team presented the current portfolio positioning by sector, detailing the overweight and underweight exposures. Gary and Dominic reinforced the tremendous upside to the current portfolio, which is forecast to grow at 3-4x faster than the benchmark while trading at a 25-30% discount with similar liquidity and risk characteristics.
Turning to themes and investment opportunities the team has taken advantage of, Gary shared our views on the generational opportunities arising in the decarbonisation of the global economy and Australia’s bright future as an energy superpower.
Finally, Gary and Dominic presented a deep dive on four of our high conviction holdings: Johns Lyng Group (ASX:JLG), IPH Ltd (ASX:IPH), Boss Energy (ASX:BOE) and Symbio Holdings (ASX:SYM).