L1 Long Short Fund’s (ASX:LSF) December quarter sees Omicron blues

More on:

Image Source: © Ipopba | Megapixl.com

Highlights

  • LSF shares continue green rally on ASX despite negative returns in December quarter.
  • L1 Long Short Fund portfolio outperforms ASX200 in the past one-year.
  • Travel and energy sector sell-off impacts December quarter returns.

ASX listed investment company, L1 Long Short Fund Limited (ASX:LSF) shares are trading in green despite a negative return reported for December quarter. The investment company’s shares are trading at AU$2.950 each, as at 1:36 PM, about 0.68% above previous close. LSF’s so claimed unique flexible portfolio structuring approach seems to be backing the share price positives on ASX.

How has LSF trailed through its December quarter?

  • The L1 Long Short Fund portfolio has only returned a net negative 1.7% in the December quarter as against 2.1% from ASX200.
  • Since last three years, LSF portfolio has been returning a net of 25%.
  • Over the December quarter, LSF’s portfolio remained negative due to sell-off in travel and energy sectors cause by Omicron concerns.
  • However, LSF claims to have managed a recovery in December mitigating the impact of the sell-off in previous month.
  • Key contributors to LSF’s portfolio return over the past year have been Retail, Gaming, Industrials and Material companies, including others.

Want to know- Five ASX-Listed Blue-Chip Stocks To Track In This Earnings Season

LSF’s road ahead-

LSF is planning to keep its exposure stable in the energy, gold and commodities sectors. It also expects volatility to remain, while expecting three or four rate hikes internationally across 2022. LSF is of the opinion that short duration stocks will remain better placed than long duration ones. However, how well LSF translated its portfolio strategy to gather positive return will only be known with time.

More from Financials- BKI Investments (ASX:BKI) shares at 1-year price peak on ASX


 

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

 

Recent Articles

EarlyPay’s (ASX:EPY) latest AU$30M facility to fast-track product expansion

Challenger reaffirms FY22 net profit guidance; how are shares faring?

Waiting for Macquarie’s next dividend? Here’s what you should know

Why Magellan (ASX:MFG) shares closed 7% higher today?

Zip (ASX:ZIP) shares ended over 5% higher today, here’s why

CBA (ASX:CBA) posts steady Q3 cash profit; how are shares reacting?