AMCIL (ASX: AMH) Portfolio Manager Winston Chong said the company’s quality-focused investment style faced a difficult backdrop during FY26 as resources and energy outperformed while healthcare and technology lagged. Despite the short-term headwinds, AMCIL remains committed to its long-term approach and used market volatility to selectively add to high-conviction holdings including SEEK, CAR Group, TechnologyOne and Auckland Airport, while trimming positions where valuations had become stretched.
Winston said the portfolio is well positioned as market returns across sectors begins to broaden. He added that AMCIL is entering the reporting season with cash available to capitalise on further opportunities. “We maintain a high level of conviction in our investment style and believe that companies that can deliver sustained profit growth can deliver the best returns over the long term”, he said. He also noted that “we have a healthy level of cash going into reporting season” and expect continued volatility through this period to create opportunities to increase exposure to quality companies.
