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An announcement from L1 Long Short Fund Ltd. ( (AU:LSF) ) is now available.
The L1 Long Short Fund Ltd. reported a 0.2% return for January, underperforming the S&P/ASX 200 Accumulation Index’s 4.6% gain. The fund’s performance was impacted by gains in certain stocks being offset by short positions in the ASX200 index and some domestic banks. The market environment was characterized by a recovery in investor sentiment, driven by the U.S. economic strength and a stable interest rate outlook. Key contributors to the fund’s performance included De Grey Mining and NatWest, while Westgold Resources and JD Sports were notable detractors.
More about L1 Long Short Fund Ltd.
YTD Price Performance: -3.44%
Average Trading Volume: 371,544
Technical Sentiment Consensus Rating: Buy
See more data about LSF stock on TipRanks’ Stock Analysis page.
