The Stonehouse Core Value Portfolio (CVP) generated a small loss of -0.09% during August in a month which saw volatility return to markets and Australian and global equity markets all declined in local dollar terms. Within the domestic equity component of the Portfolio, all managers experienced negative returns as the Australian equity market was dragged…

The Stonehouse Core Value Portfolio (CVP) generated a return of +1.04% in July in a month which saw both the Australian equity market and the MSCI World Ex Australia Index post solid gains. Within the domestic equity component of the Portfolio, the best performing strategies were the small cap exposure held through SGH ICE (+3.9%)…

The Stonehouse Core Value Portfolio (CVP) generated a return of +1.98% in June. Equity markets bounced back during the month with the MSCI World Ex Australia Index posting a gain of +5.3% and the Australian equity market +3.2%. Within the domestic equity component of the Portfolio, the best performing strategy was the exposure held through…

The Stonehouse Core Value Portfolio (CVP) generated a small negative return (-0.81%) in the month of May. This was against a backdrop of disappointing returns in global equity markets, with the MSCI World Ex Australia Index posting a loss of -4.2%. Within the domestic equity component of the Portfolio, the best performing strategy was the…

The Stonehouse Core Value Portfolio (CVP) generated a positive return of +1.48% in April. Global equity markets continued to grind higher in April fuelled by optimism around the US/China trade dispute being resolved and a better than expected quarterly reporting season in the US. The MSCI World Ex Australia Index posted strong gains (+4.6%) while…

The Stonehouse Core Value Portfolio (CVP) generated a positive return of +0.72% for the month of March. The Australian equity market was flat for the month (+0.1%) whilst global equity markets continued to push higher with the MSCI World Ex Australia Index (+1.5% unhedged) posting gains. Within the domestic equity component of the Portfolio, the…

With equity markets continuing to push higher, the Stonehouse Core Value Portfolio (CVP) generated a positive return (+1.90%) for the month in February. Given the Australian equity market’s strong performance (+5.3%), all domestic equity managers positively contributed led by Allan Gray Australia Equity (+6.2%) which outperformed the market return and the beta exposure held in…

After a very difficult month in December, the Stonehouse Core Value Portfolio (CVP) generated a positive return of +1.68% for January. This was assisted by strong equity markets, with both the MSCI World Ex Australia Index (+4.1%) and Australian equity market (+4.0%) bouncing back. Within the domestic equity component of the Portfolio, all managers provided…

December was a terrible month for global equities, especially the US equity market (S&P 500) which posted its worst December result since 1931. Even US tech stocks, which had previously seemed almost invulnerable, were not immune and the NASDAQ fell heavily. The MSCI World Index lost -4.1% and the Australian equity market lost -0.7%. The…

The Stonehouse Core Value Portfolio (CVP) posted a return of -1.48% in November. The month saw further equity market weakness with the MSCI World Ex Australia Index losing -1.8% and the Australian equity market losing -2.8%. Within the domestic equity component of the Portfolio, the largest detractor was Allan Gray Australian Equity (-4.7%), a contrarian…

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