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Fairview Equity Partners Monthly Retail Investment Report 31 January 2016

Fairview Equity Partners is a smaller company Australian equities manager. The Fairview Equity Partners Emerging Companies Fund seeks to provide capital growth and some income by outperforming the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term. 

 

Performance and Market Outlook 

The Small Ords index fell -5.1% in January, but outperformed the S&P/ASX100 by +0.4%. The Small Industrials index underperformed the S&P100/ASX Small Industrials by -0.2%, while the Small Resources Index outperformed the S&P100/ASX Small Resources by +4.8%. Sector performances over the month were largely negative with most sectors closing in negative territory. Telecommunication Services was the best performer returning +5.2%, followed by Utilities (-0.1%) and Real Estate (-2.6%). Energy was the worst performer, returning -19.8%, followed by Consumer Discretionary (-7.1%) and Financials (-5.9%). 

 

Whilst January is typically a fairly quiet month for corporate news flow there were a few announcements that negatively impacted the fund. It is worth noting though that all of the stocks mentioned below are held at fairly modest weights. 

 

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