Business
3 ASX shares that helped this fund manager smash the market
The OC Micro-Cap Fund was a strong performer during the final quarter of 2020.
According to its most recent quarterly update, the fund manager delivered a 17.5% return for investors during the three months ended 31 December.
This stretched its 12-month return to an impressive 43.1%, which is an outperformance of 16% versus the benchmark S&P/ASX Emerging Companies Accumulation Index.
What has been driving the OC Micro-Cap Fund’s strong returns?
There were three key contributors to the fund’s strong performance during the final quarter of 2020.
The first was the Galaxy Resources Limited (ASX: GXY) share price, which recorded a 98.5% gain over the period.
OC notes that the lithium miner was a big winner after the “market came to…
-
Noosa News13 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General19 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News19 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News19 hours agoDetectives continue to search for answers on Crystal Beale’s death