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Fairview Equity Partners - Monthly Combined Investment Report - 31 October 2016

Performance Return 
After a solid September quarter in which the S&P/ASX Small Ordinaries Accumulation Index rose by +8.5%, the month of October saw this smaller companies benchmark retrace -4.7% (S&P/ASX 100 -1.9%). Disappointingly the Fund underperformed during this latest month. Whilst having modestly underperformed the benchmark over the rolling 12 months, Fairview has delivered strong absolute and relative returns across most time periods, outperforming in 27 of 32 quarterly periods and provided double digit per annum returns to investors since inception. 
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