L1 Long Short Fund Posts 9.3% January Return and Backs Value Stocks Amid Fully Valued ASX

L1 Long Short Fund Ltd. ( (AU:LSF) ) just unveiled an announcement.

L1 Long Short Fund Ltd. reported a 9.3% portfolio return in January, sharply outperforming the S&P/ASX 200 Accumulation Index’s 1.8% gain and extending its 12‑month performance to 60.1% versus 7.4% for the benchmark. Since the strategy’s 2014 inception, it has delivered 20.7% per annum, making it one of Australia’s strongest‑performing long-short equity funds, with particularly strong contributions from positions in NexGen, BlueScope, Fraport and Alcoa.

Management highlighted that January’s gains were broad-based across infrastructure, banking, resources, energy, construction materials and gaming, as the fund benefited from rising commodity prices and supportive macroeconomic conditions. The managers view the Australian equity index as fully valued, see better prospects in undervalued “quality value” names, and believe low P/E stocks in areas such as infrastructure, gold, U.S. cyclicals and uranium are poised to outperform high P/E stocks over the next one to two years, a positioning that underpins the fund’s current portfolio stance.

The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.

More about L1 Long Short Fund Ltd.

L1 Long Short Fund Ltd. is an Australian listed investment company focused on an actively managed long-short equities strategy, primarily targeting Australian shares with selective international exposure. The fund invests across sectors including infrastructure, resources, financials and cyclicals, aiming to generate excess returns over the S&P/ASX 200 Accumulation Index through stock selection on both the long and short sides.

Average Trading Volume: 514,886

Technical Sentiment Signal: Buy

See more data about LSF stock on TipRanks’ Stock Analysis page.