Update No. 131 – 22/09/13

There was lots of activity in financial markets this week. The biggest news was the fact the US Federal Reserve did not reduce the pace of ‘QE3’. This created buoyancy which led to meaningful strengthening in the Australian Dollar and a sixth consecutive week with the index closing at a higher price. Both the EGP share-price and the price of our benchmark are at all-time highs since EGP was founded.

It is dividend season and the cash has started to pour in (well a lot of our stocks are ex-dividend, but we haven’t seen the cash yet – but I know it’s coming) couple this with some fairly healthy new subscriptions rolling in this last week of September and more fully valued markets slowing down the buying process and we will find ourselves with well over 20% of our assets in cash come October. There remain some good opportunities, I am sure with a patient approach we will be able to find a good home for at least half of that cash pile over the coming 2 or 3 months – Tony Hansen 22/09/13


Apr 1st 2011

Jul 1st 2013

Current Price

Current Period

Since Inception

EGP Fund No. 1












EGP Fund No. 1 Pty Ltd. Up by 14.08%, leading the benchmark by 2.69% since July 1st. Since inception, EGP Fund No. 1 Pty Ltd is Up by 55.80%, leading the benchmark by 33.37% all-time (April 1st 2011).

*1 after 31May 2013 dividend of 2.333 cents per share plus 1 cent per share Franking Credit

*2 calculated based on dividends reinvested