Absolute Equity Performance Fund’s NTA increases 2.93% for Dec | Finance News Network

Absolute Equity Performance Fund’s NTA increases 2.93% for Dec

Company News

by Kathy Skantzos

Investment portfolio Absolute Equity Performance Fund’s (ASX:AEG) net tangible assets (NTA) has increased 2.93 per cent for December.

The company said positive performance was evenly spread across its eight pairs.

The top performing pair was ALS Limited (ASX:ALQ) and Aurizon (ASX:AZL), due to Aurizon receiving a draft decision relating to the regulation of its Queensland infrastructure assets.

Qantas (ASX:QAN) and Flight Centre (ASX:FLT) was the weakest pair, due to Qantas slipping in response to the rising oil price.

Harvey Norman (ASX:HVN), Myer (ASX:MYR) and Metcash (ASX:MTS) benefitted from a downgrade to Myer on weak sales leading up to Christmas, which was overshadowed by an upgrade to Metcash following an improved interim result.

Shares in Absolute Equity Performance Fund (ASX:AEG) are trading flat at $1.06.
 

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.