InvestNow News 13th Sep – Pie Funds – Winter Chill Eases

6th Sept 2019 – Mike Taylor

Reporting season has posted strong results

August was a strong month of outperformance for our Australasian Funds. The Growth and Growth 2 Funds were up between 5-6%.

Considering our high cash levels and the market volatility (the XSOAI index was down -3.85%) this is a great result! The outperformance of Growth 1 was 9.84% in one month. How did we do this? August is reporting season for most of our Australasian positions and overall, our portfolio of investments posted strong results.  Outperformance like this shows our active investment strategy, concentrated portfolios of small growth companies, can be successful in a tough environment.  The Growth and Growth 2 Funds are now both up over 30% in 2019.

The new strategy for the Multi-Strategy Fund continues to be deployed and we look forward to providing a detailed update in the next newsletter.

But the war rages on

Globally, our funds continue to experience headwinds, as conditions remain tricky. However, we remain vigilant for signs the trade war is causing earnings to deteriorate. Our view is the trade war will be resolved prior to the US general election in 2020. Trump does not like it when stocks fall and has shown this many times lately, trying to prop up the market after one of his aggressive Tweets.

Read on >