Insights

The largest contributors to the portfolio return during the month included Janus Electric (JNS), a company in which NorthStar

During the month of July, the markets saw a massive momentum trade unwind, with the Korea KOSPI falling over

We want to mark the end of FY26 with a moment to reflect on what was achieved and set

Electrification continued to perform during June with the largest positions including Tasmea, Southern Cross and Genusplus. In addition, Vysarn,

Q&A with Portfolio Manager, Claudia Kwan In disruptive regimes, valuation matters less — sometimes not at all — because

Electrification remained front and centre for the Fund this month. Our largest positions — Southern Cross Electrical (SXE) and

For the month, the Fund returned +6.08%, outperforming the Small Industrials Index by 3.54%. The biggest positive contributors were

For the month, the Fund returned -8.03% vs the Small Industrials -8.44%. The biggest positive contributors in the Fund

For the month, the Fund returned -2.36% vs the Small Industrials -4.52%. The biggest positive contributors in the Fund