Update No. 231 – 04/09/15

The markets were again good to us this week. Again, however, it was in relative terms as the market fell by over 4% and we fell by much less.

We now lead the markets by 5.95% in FY16, given our target is 3 – 5% outperformance, I could just liquidate, place the funds into an ASX200 tracking ETF & coast for the rest of the year & the job would be done! Obviously, that is not what we will do. As anyone who has played competitive sport knows, when your opponent is down, you don’t ease up, that’s when you step on their throat.

The market at some point will start going up again, and at that time, we will potentially lose some of our relative advantage, but as I explain time and again, the safest route to outperformance over an extended period is to protect capital in a sliding market and do your best to keep pace in a rising one. The market is down 12.7% since the peak on 20 March. In the same time, EGP has delivered a small 3.1% gain.

The invitation to invest for the September 30 intake will go out this weekend. We will be welcoming the first of our ‘Sophisticated & Professional Investors’ as we finally begin to expand our operations. Anyone who does not receive the email and wishes to receive the invitation need only send me an email on the address advertised on the website (and in the presentation linked below).

I am today unveiling the Investor Presentation (.pdf) I have been using periodically when presenting the fund to new investors, if you think the way we have managed money over the last four and a half years might be of interest to someone you know, be sure to send it to them. As with all the other materials on the ‘Reporting’ tab of the website, I will update the presentation as it changes over time.

Our bi-annual ‘portfolio metrics’ update will be published on the blog in the next week or two. All of our ASX listed holdings with a June 30 balance date have reported, but we still have a couple of our NSX holdings yet to report that I would like to include in the metrics – Tony Hansen 04/09/2015



Apr 1st 2011

Jul 1st 2015

Current Price

Since July 1st 2015

Since Inception

EGP Fund No. 1












EGP Fund No. 1 Pty Ltd. Up by 0.72%, leading the benchmark by 5.95% since July 1st 2015. Since inception, EGP Fund No. 1 Pty Ltd is Up by 87.01%, leading the benchmark by 57.73% all-time (April 1st 2011).

*1 after a 31 May 2013 dividend of 2.333 cents per share (cps) plus 1.000 cps Franking Credit, a 31 May 2014 Dividend of 7.000 cps plus 3.000 cps Franking Credit and a 31 May 2015 Dividend of 8.6667 cps plus 3.7143 cps Franking Credit

*2 calculated based on dividends reinvested

2 thoughts on “Update No. 231 – 04/09/15

  1. S1mon says:


    Hi Tony…so what does ‘‘Sophisticated & Professional Investors’ actually mean? people with a few mill to invest or something

  2. Tony says:

    Sophisticated & Professional Investors

    A ‘sophisticated investor’ has more than $2.5m of aggregated net assets, or has earned at least $250k each of the last two years.

    A ‘professional investor’ manages over $10m, or holds an AFSL – Tony

Comments are closed.