Commentary October 2018 | Surrey Australian Equities Fund Investment

The Surrey Australian Equities Fund is pleased to provide the October 2018 update where we share with you insights from inside the portfolio, discussing performance to date and the Fund outlook moving forward.

Market volatility that was evident in October can make investment decisions in the short term difficult. At Surrey, we continue to focus on the fundamental thesis of each investment and look to invest through the market gyrations. We remind current and potential investors, the benefit of a Fund investment style such as Surrey’s which offers much needed diversification across >30 companies with the average market capitalisation of the Fund’s holdings being ~$2bn.

In light of feedback we have received from existing and new investors, for those looking to take advantage of the recent opportunities the market dislocation has presented and are seeking to invest prior to our usual month end unit pricing period, please contact us directly on 03 9691 5490.

As always both Nick and Michael are available for discussion at any time.

Nick Maclean & Michael Woolhouse

Directors & Portfolio Managers

Surrey Asset Management