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News and Announcements

Meme Capital Management Outperforming the Market

  • Published December 07, 2017 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

KEY TAKEAWAYS:

  • The Fund is successfully outperforming the market.
  • November saw a strong return of +4.39%.
  • The strongest performances were by the Property, Information Technology and Energy sectors.

The positive performance of the Fund continued in November with a strong return of +4.39% compared to the broad market’s total return of +1.91%. This most recent result brings the Fund returns since inception to +14.15% per annum, comfortably ahead of the market’s +10.21% and increasing the outperformance since inception in 2013 to +3.94% per annum.

Market returns in November were positive across all sectors apart from Telecommunications, with the strongest performances provided by the Property, Information Technology and Energy sectors. The recent pattern of dominance of the smaller cap stocks continued through November, with the ASX20 returning just 0.97% while the Small Ordinaries (ASX100-ASX300) and Emerging Companies (ASX300+) stocks returned +3.90% and +4.24% respectively. Our active bottom-up investment style guides our portfolio allocations such that they continue to respond to these market performance characteristics as they evolve over time.

About Meme Capital Management Pty Ltd

Meme Capital Management is a West Australian based boutique fund manager specialising in the development of systematic stock market investment strategies to build and protect investor wealth.

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