It was another impressive month for the New Zealand and Australian portfolios up 3% and 2.3% respectively. The New Zealand portfolio is now up 18.8% in 4 months and the Australian portfolio is up 13.7%.
The portfolios have had a number of key stocks significantly outperform their respective benchmarks in this time frame. We attribute the success of our portfolio performance to a rigorous investment analysis centered around our core investment philosophy.
Our investment outlook is centred on finding attractive investments which fit with our big picture world views. This methodology provides us with a basket of stocks which we believe will provide superior returns over the medium term (1 – 3 years). We filter through a range of investments to uncover the most attractive stocks that we believe will provide the highest potential return going forward.
Our portfolios are relatively unconstrained as will invest in companies of all sizes in all industries. We have had significant success from a number of smaller boutique investments where industry coverage and analysis has been absent.
We continue to see significant upside to a number of our holdings into 2016 as ’s core thematics continue to play out over the course of the year.
