Australian Leaders Fund Limited
(ASX:ALF) has delivered strong returns in 2015.
Parent company Watermark Funds Management advised that ALF’s investment portfolio increased by 20.2 percent before fees and costs, against a 3.8 percent benchmark set by the S&P All Ordinaries Accumulation Index.
The group’s other listed fund, Watermark Market Neutral Fund Limited, also experienced portfolio growth of 26.3 percent in the year before fees and costs.
Watermark’s CIO and Chairman of ALF, Justin Braitling said the manager was pleased with the performance, labelling 2015 a challenging year for investors in shares.
Australian Leaders Fund recorded a net loss of $6.15 million at 30 June 2015.
