Although almost every fund in the Australian equities sector has lost value since the COVID-19 pandemic shook markets, but were four funds that experienced losses before that, according to FE Analytics data.
The funds that experience a loss in the three months to 31 January, 2020, were Ganes Focused Value (-4.58%), Sandon Capital Activist (-2%), Pentalpha Income for Life (-1.87%) and Antares Dividend Builder Professional (-1.17%).
The Australian equity sector within the Australian Core Strategies universe returned 5.64% in that same time period.
From 1 February, Australia’s department of health issued its first directive not to travel to mainland China, but it was not until later in the month the markets began to react significantly.
The Ganes Value fund returned 19.28% over the year to 31 December, 2019, but in the last quarter of the year it lost 3.05%.
In its final report for 2019, Ganes said the philosophy of the fund remained based holding good or world class businesses for the long-term....