Newsletter – May 2024 – Opportunities Fund
The MOF closed marginally higher in May. Read more.
READ MORENewsletter – April 2024 – Opportunities Fund
Are they, aren’t they, they are, they aren’t – Interest Rates. Read more.
READ MORENewsletter – March 2024 – Opportunities Fund
The MOF continued to recover through the month of March. Read more.
READ MORENewsletter – February 2024 – Opportunities Fund
The MOF rebounded slightly in February. Read more.
READ MORENewsletter – January 2024 – Opportunities Fund
We are starting to see green shoots in our sector of the market of late. Read more.
READ MORENewsletter – December 2023 – Opportunities Fund
Pleasingly the Merchant Opportunities Fund rebounded somewhat during the month of December. Read more.
READ MORENewsletter – November 2023 – Opportunities Fund
The bright spot at Merchant has been the performance of the Merchant Biotech Fund. Read more.
READ MORENewsletter – September 2023 – Opportunities Fund
Greetings from Munich. I am here at the moment assisting HAPA (EuroCann). Read more.
READ MORENewsletter – July 2023 – Opportunities Fund
A quiet month in the markets post June 30th selling in Small-Cap land. Read more.
READ MORENewsletter – June 2023 – Opportunities Fund
The Merchant Opportunities Fund softened in the month of June. Read more.
READ MORENewsletter – April 2023 – Opportunities Fund
The overall market was relatively stagnant during the month of April. Read more.
READ MORENewsletter – March 2023 – Opportunities Fund
March was a tale of two halves – first half being terrible and second half being less terrible… Read more.
READ MORENewsletter – February 2023 – Opportunities Fund
The month of February was a tale of two halves – first half of the month being relatively good and second half being relatively bad as the index wobbled across the board as a result of continued increases in global interest rates. Read more.
READ MORENewsletter – January 2023 – Opportunities Fund
Another relatively benign month for the Merchant Opportunities Fund. Read more.
READ MORENewsletter – December 2022 – Opportunities Fund
The Merchant Opportunities Fund (MOF) is currently up 19.60% net of fees since 30 June 2022. Read more.
READ MORENewsletter – November 2022 – Opportunities Fund
The ASX continued to tread water in November and settled into the Christmas trading period with a marked drop in liquidity despite an overall bullish trend. Read more.
READ MORENewsletter – October 2022 – Opportunities Fund
Apologies for the lateness of this newsletter, I’ve just returned from Frankfurt where we’ve been visiting HAPA Pharm, our German Medical Cannabis holding as it readies to list in the new year. Read more.
READ MORENewsletter – September 2022 – Opportunities Fund
The Merchant Opportunities Fund (MOF) had a relatively benign month given the global market swings during September. Read more.
READ MORENewsletter – August 2022 – Opportunities Fund
The Merchant Opportunities Fund (MOF or Fund) pulled back slightly along with the market during the month of August to be up 18.40% for the Financial Year. Read more.
READ MORENewsletter – July 2022 – Opportunities Fund
Well, that was a financial year to forget! Read more.
READ MORENewsletter – May 2022 – Opportunities Fund
The MOF is currently down 15.41% since 30 June against a Small Ordinaries Index that is at the time of writing, down 19.94% for the Financial Year. Read more.
READ MORENewsletter – April 2022 – Opportunities Fund
With the Small Ordinaries off 15.36% for the 6 months, the Merchant Opportunities Fund (MOF) over for the financial year is currently down 12.18%. Read more.
READ MORENewsletter – March 2022 – Opportunities Fund
The Merchant Opportunities Fund is currently down 6.25% for the Financial Year having regained some ground to March 31st. Read more.
READ MORENewsletter – February 2022 – Opportunities Fund
The Merchant Opportunities Fund continued its retracement at the hands of the market gods in February.
READ MORENewsletter – January 2022 – Opportunities Fund
January was a tough month for equity markets. The long-awaited inflation figures officially came into focus.
READ MORENewsletter – December 2021
The overall market continued its soft run into the end of the calendar year with renewed fears of inflation stoking market unrest across all sectors of the market.
READ MORENewsletter – September 2021
The Merchant Opportunities Fund (MOF) was a little choppy during the month of September.
READ MORENewsletter – August 2021
The Merchant Opportunities Fund (MOF or Fund) has started the Financial Year quietly.
READ MORENewsletter – June 2021
The Merchant Opportunities Fund (MOF) finished the 2021 Financial Year up 46.71%.
READ MORENewsletter – May 2021
The month of May was relatively soft for the broader Merchant Opportunities Fund (MOF).
READ MORENewsletter – April 2021
The Merchant Opportunities Fund slipped slightly from its all-time high in March.
READ MORENewsletter – March 2021
The Merchant Opportunities Fund (MOF) performed well in March ending a stellar third quarter.
READ MORENewsletter – February 2021
The Merchant Opportunities Fund continues to perform above market.
READ MORENewsletter – December 2020
The Merchant Leaders Fund is performing in line with expectations so far this Financial Year.
READ MORENewsletter – November 2020
Driven mainly by the raging Iron Ore sector, the ASX 100 put on almost 8% in the month of November.
READ MORENewsletter – October 2020
The Merchant Opportunities Fund (MOF) had a strong month in October.
READ MORERedemption Offer
Closes 30 November 2020. Further details here Redemption Offer – November 2020
READ MORENewsletter – September 2020
The Merchant Leaders Fund (MLF) has continued to perform above the ASX 100 (XTO) with the Fund up 3.70% to the end of September.
READ MORENewsletter – August 2020
The Merchant Leaders Fund experienced positive contributions to the portfolio from the big miners as the Iron Ore price continued its upward trajectory.
READ MORENewsletter – July 2020
Whilst we remain overly cautious on the current market recovery, we began selectively adding back some positions and reducing the cash holdings.
READ MORERedemption Offer
Closes 31 August 2020. Further details here Redemption Offer – August 2020
READ MORENewsletter – June 2020
Whilst down from the highs of February this year, overall the Merchant Opportunities Fund (MOF) finished strongly.
READ MORENewsletter – March 2020
Whilst we are going through some short-term pain the longer-term prospects for the market remain sound.
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