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8/13/2019 Selector September 2011 Quarterly Newsletter
1/19
In this quarterly edition we look at the macro impact onvaluations, investor sentiment and retail investments.
Cover shot. Retailers. Opportunity or paradigm shift?
Selector Funds Management Limited ACN 102756347 AFSL 225316 Level 3, 66 Hunter Street Sydney NSW 2000 Australia Tel 612 8090 3610 www.selectorfund.com.au
S e l e c t o r
F u n d Q u a r t e r l y N e w
s l e t t e r #
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8/13/2019 Selector September 2011 Quarterly Newsletter
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of Contents
1: Letter to i
3: Performan
3: Performan
3: Portfolio T
5: The flight t
10: Intangibl
12: When co
13: Retail sec
17: Company
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8/13/2019 Selector September 2011 Quarterly Newsletter
6/19
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8/13/2019 Selector September 2011 Quarterly Newsletter
8/19
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10/19
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arterly Newslet
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11/19
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Select
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8/13/2019 Selector September 2011 Quarterly Newsletter
12/19
Septe
Select
ACN 1
Level
Telep
Of pa
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8/13/2019 Selector September 2011 Quarterly Newsletter
13/19
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ACN 1
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Telep
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12
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8/13/2019 Selector September 2011 Quarterly Newsletter
14/19
Septe
Select
ACN 1
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June
$US1
with
share
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share
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2.7 billion. In
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13
r
,
8/13/2019 Selector September 2011 Quarterly Newsletter
15/19
Septe
Select
ACN 1
Level
Telep
Grap
Our t
as ris
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8/13/2019 Selector September 2011 Quarterly Newsletter
16/19
Septe
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ACN 1
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