Glennon Small Companies Ltd (AU:GC1) has released an update.
Glennon Small Companies Ltd reported a slight outperformance in June 2024, with a -0.26% return compared to the benchmark’s -1.39%, although the portfolio underperformed over the 12-month period with a 7.7% return. The portfolio’s bias towards under-researched micro and nano cap companies has negatively impacted its performance amid a challenging investment environment. Key contributors to the portfolio’s performance included Pro Medicus, Superloop, and Hub24, while Sandfire Resources and Metgasco were the main detractors.
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