Northstar BCI Equity Fund: Q2 2024 Commentary

The Northstar BCI Equity Fund is a SA only equity fund which is actively managed and invested in high quality companies while taking into account the highly concentrated nature of the local market. The aim of the fund is to provide investors with long-term capital growth while outperforming the JSE CAP SWIX (benchmark) over the medium-term. The fund had a very good quarter returning 8.8% net of fees which compares favourably against the FTSE/JSE Cap Swix of 8.2% and the average peer in the sector of 7.8%. the fund benefited from being overweight SA financials, hospital groups, clothing retailers and general industrials which did very well post elections and more specifically after the formation of the GNU. Listen for more information on the fund's positioning, as well as opportunities we see looking ahead.