HCF’s Strategic Picks Navigate Market Volatility

H&G High Conviction Ltd. (AU:HCF) has released an update.

H&G High Conviction Ltd. (HCF) reported a post-tax NTA return of 5.2% for FY24, slightly underperforming the ASX Small Ordinaries Accumulation Index’s 9.3% return. Despite short-term volatility, HCF’s concentrated investment strategy in Micro and Small cap equities led to adding two new high conviction holdings and achieving the lowest cash weighting since its IPO. Key contributors to the fund’s performance included VEEM Ltd and Cirrus Networks Holdings Ltd, while Po Valley Ltd was the largest detractor.

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