The Surrey Australian Equities Fund is pleased to provide the September 2018 update.
September concluded the first quarter of Financial Year 2019 with the S&P/ASX Small Ordinaries Accumulation Index (XSOAI.ASX) falling 0.4% for the month while the S&P/ASX 200 Index (XJO.ASX) decreased 1.8% over the same period. The Surrey Australian Equities Fund was up 0.8% for the month in absolute terms and outperformed by 1.2% relative to the XSOAI after all fees.
As always both Nick and Michael are available for discussion at any time.
Nick Maclean & Michael Woolhouse
Directors & Portfolio Managers
Surrey Asset Management