The Ten Cap Alpha Plus Fund outperformed the ASX 200 by 21 basis points in September as rising rates and oil above US$100 weighed on markets. Gains came from stock selection, led by Codan, Southern Cross Electrical and a short in CAR Group. With the RBA at 4.60% and conceding the economy is slowing, we believe the rate peak is close. Lower valuations and reset expectations are creating more opportunities for stockpickers. Listen in to Jun Bei’s latest Portfolio Reflections for more detail.
