WIC Company Update – February 2020

March 9, 2020 | Category: General News

Concerns over an escalating coronavirus hit share prices in February, with the market falling 8.1% over the month. The Westoz portfolio declined 10.1% (before fees and taxes) in February, taking gross year to date returns to 4.9%. In this month’s video, Phil Rees and Dermot Woods talk about market volatility, corporate news and confidence in the portfolio composition. Dermot comments on a positive round of half year results particularly from Macmahon Holdings (MAH.ASX) as well as other positive newsflow from Finbar Group (FRI.ASX) and West African Resources (WAF.ASX). Dermot also talks to central bank stimulus, base metals and oil prices. Click the image to watch.

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