The Surrey Australian Equities Fund (SAEF) returned +5.2% in October after fees outperforming the ASX Small Ordinaries Accumulation Index (XSOAI) return of +0.8% and the ASX Top 100 Accumulation Index (XTOAI) return of -1.5%.
This takes the SAEF Calendar Year 2024 net returns to +17.0%(outperforming the XSOAI return of +10.3%) and our rolling 12-month net returns to +28.2% also outperforming both the XSOAI and the XTOAI.
This Calendar Year, the SAEF has seen a rebound in both absolute and relative performance. As we have been referring to in prior updates Surrey repositioned itself earlier in 2024 to be better placed for how we viewed overall market conditions and specific valuations within underlying investments. We remain confident in the outlook for our portfolio moving forward with our newsletter being accessed via the link below.
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