For the month, the Fund returned +6.08%, outperforming the Small Industrials Index by 3.54%. The biggest positive contributors were companies leveraged to electrification — Southern Cross Electrical, Tasmea, and GenusPlus — businesses we identified early as structural beneficiaries of the energy transition. Both the Iran War and AI capex deployment drove investors to allocate to enablers of alternative energy sources. The largest detractors included Aeris Resources, Qoria, and Paragon.
Claudia Kwan, was on Ausbiz TV in a 9 minute segment: WATCH HERE
Read the full report NorthStar April Monthly Report