FY18 OUTLOOK (update end of June '17):
We commence the 2018 financial year with confidence.
With tax loss selling behind us, and the majority of redemption driven, forced selling among ASX listed small caps that dominated the last 6 months appearing to be finished, sentiment and interest in small caps is well placed to improve. Some green shoots are emerging amongst some of the larger small caps and we expect this to work its way through to the smaller micro-cap companies that comprise the majority of the DMX Capital Partners portfolio.
Across the DMX Capital Partners portfolio, we remain true to our philosophy of investing in small, undervalued, growing companies.
- The fund is exposed to many positive sector thematics that our portfolio companies are well placed to benefit from.
- The fund is invested in well managed businesses that are achieving strong rates of off-shore growth in their respective international markets.
- The fund is invested in companies with management teams who have a long track record of delivering excellent operational and financial metrics and sound strategy execution.
We believe the underlying fundamentals and investment thesis of our portfolio holdings remain strong, the valuation metrics are compelling, and the potential of our core holdings to be exciting.