A strong performance in the June quarter has helped our Small Cap Fund return +18.4% for the financial year

Investors Mutual

Investors Mutual Limited

A strong performance in the June quarter has helped our Small Cap Fund return +18.4% for the financial year. This was well ahead of its benchmark, the Small Ordinaries, which rose +13.1% over the same period. The portfolio benefited from our relative overweight to Utilities as well as strong share price performances by Hotel Property Investments, Australian Pharmaceutical Industries, Generation Healthcare, SCA Property Group and Amalgamated Holdings. Generation Healthcare (GHC) performed strongly, rising +8.8%in the June quarter on the back of an acquisition and the announcement of two hospital expansions and an associated capital raising. Both expansions have been de-risked in terms of construction costs and the properties are fully leased to Epworth, a high quality, well capitalised tenant. At a capital raising price of $1.20, GHC was trading on a 7% FY15 yield, which is appealing considering the quality of its assets and low gearing. Full report here: (VIEW LINK)


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Investors Mutual
Fund Manager
Investors Mutual Limited

Investors Mutual Limited (IML) is a specialist Australian equities fund manager and was established in May 1998 by Anton Tagliaferro. Based in Sydney, the IML team applies a conservative value-based investment style with a long-term focus.

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