The Company performance for the month of October was -7.3% (after fees), underperforming the S&P/ASX Small Ordinaries Accumulation Index by 1.8%.
A brief rally at the start of the month quickly turned as geopolitical risks intensified with the ongoing war in the middle east creating uncertainty on the possibility of more widespread conflict. Added to this is the ongoing uncertainty around where the interest rate cycle will peak.
Bega Cheese (BGA.ASX), not owning Telix (TLX.ASX) and Ainsworth Game Technology (AGI.ASX) were positive contributors to relative performance. Iress (IRE.ASX), City Chic Collective (CCX.ASX) and Link Administration Holdings (LNK.ASX) were notable detractors.