The Stonehouse Core Value Portfolio (CVP) returned -0.20% in September as volatility returned to equity markets. The Australian equity market posted a negative return (-1.60%) while the MSCI World Index posted a modest gain (+0.60%) led by the Japanese equity market (+5.5% in local terms). Within the domestic equity component of the Portfolio, Allan Gray…

The Stonehouse Core Value Portfolio (CVP) returned a solid +1.23% in August. The month saw the Australian and global markets (as represented by the unhedged MSCI World Index), post gains of +1.4% and +4.1% respectively, but a large dispersion of returns between sectors was evident. Bond markets were volatile and the Australian dollar depreciated further…

The Stonehouse Core Value Portfolio (CVP) returned +0.29% in July. Negative sentiment vied for prime position in global markets through the month but in the end both Australian markets (+1.2%) and the MSCI World Index (+2.5%) posted gains. The domestic component of the Portfolio’s equity investments performed well in July with IML Equity Income (+1.6%)…

The Stonehouse Core Value Portfolio (CVP) returned +0.55% in June 2018 and +5.91% for the 2017/18 financial year – a pleasing result that exceeded our stated performance objective of cash +3.5%. The primary drivers of performance for the year were domestic and international equity markets, however given our aim to provide investors greater downside protection,…

The Stonehouse Core Value Portfolio (CVP) returned -0.39% in May, as volatility during the month and mixed performance from underlying holdings impacted returns. Within the Portfolio’s Australian Equity holdings, SGH ICE (+2.6%) outperformed the index whilst Allan Gray (-1.4%) underperformed. Our International Equity managers exposed to Asia and Emerging Markets were the largest detractors, as…

The Stonehouse Core Value Portfolio (CVP) returned +1.07% in April, a welcome result given the volatility of the previous two months which sees the Portfolio nearing its high water mark set at the end of January 2018. The Equities sector bounced strongly as global investors added to their risk exposures. Allan Gray Australian Equity was…

The Stonehouse Core Value Portfolio (CVP) returned -0.55% in March, holding up very well in a month where all major equity markets registered significant falls. The equities sector detracted from performance as investors globally reduced their exposure. JO Hambro fell (-5.6%), Macquarie True index followed the ASX200 down (-3.7%), and Old Mutual also finished the…

After some strong performance in prior months, volatility made a sharp return to the markets in February. The Stonehouse Core Value Portfolio (CVP) ended down -0.78% in a month where International Equities were particularly heavily impacted against a backdrop of a -3.7% return for the S&P500 (US market index). Within the Equities component of the…

The Stonehouse Core Value Portfolio (CVP) began 2018 on a good note, returning +0.79% in January, in a month that saw strong gains in US equities (+5.6%) contrasted by the Australian market which moved down -0.5%. In a month of mixed Equity manager performance, the Portfolio stand-outs were JO Hambro (6.1%) and Old Mutual World…

The Stonehouse Core Value Portfolio (CVP) ended 2017 strongly, returning +0.52% in December and delivering +9.0% for the calendar year. Equities ended the year well with the Australian market returning +1.8% and the MSCI World Index +1.1% (in AUD Hedged terms). The Australian dollar (+3.2%) appreciated strongly in December but Australian bonds were weak (-0.5%)….

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