Performance overview The Stonehouse Core Value Portfolio (SCVP) rose +1.89% over the month of November – a good result considering the ASX 200 fell -3.25% over the same period. It appears the penny has finally dropped that Australia’s economic growth prospects are not as buoyant as those offshore and this aided the SCVP as our…

Performance overview The Stonehouse Core Value Portfolio (SCVP) rose +0.48% over the month of October in what proved to be quite a tumultuous period for financial markets. Equity markets sold off heavily during the first two weeks, only to recover most of their ground toward the end of October. Fears of US Federal Reserve tightening,…

Main Points Writing this thematic piece is fraught with danger. People will only remember it if I get it wrong. In fact if I get it right, and a crash is not imminent, then this paper will quickly fade into memory as an ‘obvious observation’ (as so many observations are with the benefit of hindsight)….

Performance overview The Stonehouse Core Value Portfolio (SCVP) was up +1.43% over the quarter despite a fall of -0.24% over the month of September. The September quarter proved a challenging period for financial markets with equity markets in particular selling off heavily toward the close (e.g. the ASX 200 was down -5.4% through September). Our…

Over the month of August the Stonehouse Core Value Portfolio (SCVP) rose +0.45% as markets were buoyed by continued signs of recovery in the US economy, the prospect of further monetary easing in Europe and a moderation in the pace of growth in the UK economy. Positive performances over the month came from our emerging…

Over the month of July the Stonehouse Core Value Portfolio (SCVP) rose +1.22% as markets continued to build upon the gains exhibited over the second quarter of this calendar year. Positive performances over the month came from our ETF exposures S&P/ASX200 ETF (+3.95%), Blackrock iShares Global 100 ETF (+0.94%), Vanguard Australian High Yield ETF (+3.89%),…

Over the June quarter the Stonehouse Core Value Portfolio (SCVP) performed well rising +1.26% as markets recovered slightly from a bumpy start to the year. Positive performances over the quarter came from property exposures Brookfield Global Property (+10.34%), Phoenix Property Securities (+8.57%), and SGH Property Income (+8.34%). There was also solid performance from infrastructure holding…

Performance overview Over the month of May 2014 the Stonehouse Core Value Portfolio (SCVP) performed well rising +0.76%. Markets returned to some degree of normality after a very choppy and momentum driven start to the year. The most substantial positive performances over the month came from Brookfield Global Property (+5.80%), Lazard Global Infrastructure (+3.86%), and…

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