Selector High Conviction Equity Fund

December 2023 Quarterly Newsletter

In this quarterly, we discuss ESG, reporting season and share buybacks in our piece “Capital management – a new approach”. In our article “Technology = growth”, we pick up on the workings of Marc Andreessen and Ben Howritz on three sources of growth. We follow this up with a brief discussion on Chris Miller’s book “Chip War”. We then comment on the power of compounding and how a high portfolio turnover approach can reduce the quality of stated performance numbers when viewed on an after-tax basis. Finally, some words on the transition to our new fund administrator. Photo. Everything supposedly makes sense, until it doesn’t. Some call it herd mentality. Source. CartoonStock

This update has been prepared by Selector Funds Management Limited (“Selector”) ACN 102 856 347 AFSL 225316 to provide you with general information only. In preparing this update, we do not take into account your investment objectives, financial situation or particular needs. It is not intended to take the place of professional advice and you should not take action in reliance on this information. Neither Selector, or any of its related parties, their employees or directors, provide a warranty of accuracy or reliability for this information or accept any liability to any person who relies on it. Past performance is not an indicator of future performance. Selector does not guarantee the repayment of capital, payment of income or performance. Unauthorised use, copying, distribution, transmitting, publication, display, or reproduction in whole or in part of the information contained in this material is prohibited without prior written consent from Selector.

Unauthorised use, copying, distribution, transmitting, publication, display, or reproduction in whole or in part of the information contained in this material is prohibited without prior written consent from Selector.