Performance and Market Outlook
The December quarter was very strong in both relative and absolute terms and this has provided for an excellent full year return to investors. Equity markets finished the year strongly in a remarkably consistent finish to previous years where the final weeks have tended to be positive. We thank our investors again for their support and we look forward to another fruitful year in 2016.
January tends to be a subdued month for corporate news flow although investors need to be alert for updates that may precede the February reporting period. We are generally fairly comfortable with the prospects of companies held within the fund with our relentless levels of company contact ensuring that negative surprises should be minimal. However the Christmas trading period is critical for many companies and it will be interesting to see how they fared during this time.
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