Microcap Fund Manager Review Nov 2018

Mark Tobin

Coffee Microcaps

We take our monthly look at the returns of Australian Microcap Funds. While most funds avoided the large drawdowns seen in October the majority still posted small negative absolute returns for November. We can only hope for a late Santa Clause rally to put some gloss on what looks to be a dismal year equities in 2018, not just microcaps. 

New Managers & Funds

We have added in 2 new managers fund into our universe this month. They are as follows;

The Macquarie Australian Emerging Companies Fund and The Lennox Australian Microcap Fund which brings our total managed fund universe to 27 and 36 overall when we add in the 9 Microcap LIC's. 

This gives us an excellent cohort to judge the performance of active managers for this particular asset class on an overall basis versus a variety of indices and benchmarks as we move forward. 

Some Points To Note

Some data points for particular time periods may reflect as "N/A" or there is no data at all displayed for the following two reasons; 

1. Some funds have not reported performance figures via their newsletters or website by the 15th of the following which is our deadline for inclusion in this report even though all funds are daily dealing I might add. 

2. Some funds do not report performance figures for that particular time period in their performance reporting. 

I would advise readers to contact the relevant fund themselves should they wish to obtain the relevant data. 


Mark Tobin
Analyst
Coffee Microcaps

I focus on ASX listed microcap and nanocap​ stocks which is​ anything from $10mil to $300mil market cap and everything​ in between. This truly​ is the under-researched​ part of the ASX. My hope is to bring you interesting microcap stocks and news.

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