Feather duster one day, rooster the next?
We had our best week relative to the market since the week ending 7 June 2013 this week. We managed to deploy a decent amount of cash into some of our holdings which have become cheaper with recent declines and a number of our holdings rose in defiance of the 3% drop in the ASX200. We are now ahead of the market in FY15.
In case you think holding 25 or 26 mostly small or micro-cap stocks is destined to be substantially more volatile than an index of 200 ‘Blue-Chip’ stocks, observe this table of the last 6-weeks returns of the index versus the fund:
|
Week Ending |
ASX200TR |
EGP |
|
13/12/2014 |
-2.2% |
-0.6% |
|
20/12/2014 |
2.3% |
0.7% |
|
27/12/2014 |
1.1% |
0.5% |
|
31/12/2014 |
0.5% |
0.7% |
|
9/01/2015 |
1.0% |
0.1% |
|
16/01/2015 |
-3.0% |
0.3% |
Our member audit for the period ended 31 December 2014 is complete, I will append the (very flattering) words provided by our volunteer member auditor in the quarterly report for the period ending 31 March – Tony Hansen 09/01/2015
|
|
Apr 1st 2011 |
Jul 1st 2014 |
Current Price |
Current Period |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.56145 |
1.56816*1 |
0.43% |
71.10%*2 |
|
35632.05 |
45991.23 |
46166.18 |
0.38% |
29.56% |
EGP Fund No. 1 Pty Ltd. Up by 0.43%, leading the benchmark by 0.05% since July 1st 2014. Since inception, EGP Fund No. 1 Pty Ltd is Up by 71.10%, leading the benchmark by 41.53% all-time (April 1st 2011).
*1 after 31May 2013 dividend of 2.333 cents per share plus 1.000 cent per share Franking Credit & 31 May 2014 Dividend of 7.000 cents per share plus 3.000 cent per share Franking Credit
*2 calculated based on dividends reinvested
