NAOS Asset Management's has released the 2012 performance results for its Emerging Companies Long/Short Equity Fund, reporting returns of 9.05 per cent, despite general market conditions.
The returns indicated that the fund has outperformed the Small Ordinaries Accumulation Index (XSOAI), generating a six-year return of 8.1 per cent per annum, in contrast to XSOAI's decrease of 3.18 per cent per annum over the same period.
"Despite a dull and generally nervous year in the Australian sharemarket, the fund has continued its record in performing above the Small Ordinaries Index," said NAOS fund manager Sebastian Evans.
"Investor appetite for risk has also been low and heavily geared toward materials and financials companies that are efficiently priced, but tend to provide less exposure to the attractive opportunities offered by a broader range of industries," he added.
