October 2017

AAVOF Monthly Newsletter and Net Tangible Asset Release

CVF Reports

AAVOF Monthly Newsletter and Net Tangible Asset Release

As at 31 October 2017

In October, the Fund recorded +8.5% net performance vs the S&P/ASX200 accumulation index return of +4.0%.
Globally, equity markets performed strongly, with the stand outs by sector and region being Tech and Asia (FANG stocks on average +8.7% and Japan’s Nikkei index +8.1% during October).
October 2017 was the Fund’s second best month ever…“ever” not being such a long time given our inception was January 2015. Top contributors included Afterpay Touch Group (APT.AU), Bellamy’s Australia (BAL.AU), Emeco Holdings (EHL.AU), Weight Watchers International (WTW.US) and Platinum Asset Management (PTM.AU). Our largest detractor, which stripped 63bps from performance during the month, was Chipotle (CMG.US).

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