The Australian Eagle Trust Long-Short Fund returned +1.66% net of fees in March 2023. The portfolio’s largest positive contributions for the month came from long positions in Newcrest Mining and Cochlear and a short position in Charter Hall Group while largest detractors were a long position in Macquarie Group and short positions in Evolution Mining and Downer EDI.
The Fund had 28 long positions and 21 short positions with largest exposure to medical devices & services and certain agriculture related stocks. There was relatively less exposure in banks and real estate.
Full report (pdf): Australian Eagle Trust Long-Short Monthly Report – Mar 2023
About the Fund: The Australian Eagle Trust Long-Short Fund
This fund is appropriate for investors with a “Very High” risk and return profiles. A suitable investor for this fund is prepared to accept high risk in the pursuit of capital growth with a medium or long investment timeframe. Investors should refer to the TMD for further information.
MEDIA ENQUIRIES
Sean Sequeira, CFA
CIO
0411 155 441
sean.sequeira@austeagle.com
Disclaimer: This is general information only and is not intended to provide you with financial advice and has been prepared without taking into account your objectives, financial situation or needs. The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235150) is the Responsible Entity and issuer of units in the Fund. For further information on the Fund please refer to the PDS and Target Market Determination which is available at www.austeagle.com.