Performance

Jaguar Leaders profits on short positions

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Short-selling in the healthcare and telecoms sectors helped the Jaguar Australian Leaders fund gain 1.83% in February. The fund sold Primary Health and Telstra, as well as Toll Holdings in the industrial sector, all of which worked well for the fund, says Jaguar Funds' Perry Kotsomitis. On the long side the fund primarily bought stocks in the materials and energy sectors, such as Caltex. Overall, it was stock picking that drove the fund's performance, and the fund's net exposure increased from 9.5% at the start of the month to 20.4% by the month-end.

Kotsomitis expects the Australian market