The Surrey Australian Equities Fund (SAEF) returned -0.68% in December after fees outperforming the ASX Small Ordinaries Accumulation Index (XSOAI) return of -3.1%. The Fund has returned +24.2% over the last 12 months (CY24) exceeding the XSOAI by +15.9%.
December is typically a quiet month on a stock-specific level. However, we did have two material announcements from Fund Holdings Tuas (TUA) which released a positive Annual General Meeting (AGM) update, and Bluebet (BBT) which announced a positive trading update. These stocks increased by +10% and +11% respectively for the month. There was also positive news flow from Singular Health Group (SHG) and Acusensus (ACE).
The Fund is open to new investors, links to the Information Memorandum and applications are via the links below. Applications for new and existing investors are now paperless and can be made online.
Nick Maclean
Managing Director
Surrey Asset Management
Level 47, 80 Collins Street, (North Tower) Melbourne VIC 3000.
Email: nmaclean@surreyassetmanagement.com Mobile: 0425 726 305