Compared to most other major economies, Australia is now in a sweet spot. After breezing through the COVID-19 pandemic, economic growth is above expectations, unemployment is low, and the outlook for business is incredibly positive.
The Montgomery Small Companies Fund is diversified across the spectrum of growth. It includes Stable Compounders, Tactical Opportunities, and Structural Winners. In this blog, I set out our key holdings in each of these categories.
Inditex is a Spanish multinational clothing company with 6,800 stores in 96 markets worldwide. Like most clothing retailers, revenue in the year to February 2021 was hard hit by COVID-19. Pleasingly, online revenue jumped 77 per cent.