We are pleased to share the latest market update from Copia Investment Partners. The early days of Trump’s second presidency have brought market volatility, with speculation around tariffs and developments in Chinese AI start-up DeepSeek. Domestically, inflation is moderating, and all eyes are on the RBA’s mid-February rate decision, as markets anticipate the start of a rate-cutting cycle.
The February reporting season will provide key insights into corporate Australia’s health, and we look forward to sharing our analysis in March.
📖 Read the full monthly report below.
Fund Performance & Portfolio Updates
OC Premium Small Companies Fund
Ingenia Communities Group, a property group that owns, operates and develops a portfolio of lifestyle and holiday communities across key urban and coastal markets, upgraded its FY25 guidance with productivity improvements being the key driver.
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OC Dynamic Equity Fund
Austal Limited has been a key share market beneficiary of Trump’s return. The shipbuilder was awarded a US$450 million contract by General Dynamics Electric Boat in September 2024 to enable Austal USA to expand production capacity at its US shipyard in support of the US Navy Submarine Industrial Base.
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OC Micro-Cap Fund
Paragon Care tracked higher in January and was driven, at least in part, by the approval of the blockbuster Chemist Warehouse-Sigma Group merger which should enable PGC owned CH2 to grow market share in community pharmacy wholesale and distribution.
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For further insights or to discuss our portfolios, please contact your local Copia business development team member.
We look forward to sharing more updates next month!