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%)….

The Stonehouse Core Value Portfolio (CVP) continued it’s positive momentum in November, returning +0.87% in a strong month for equities that saw the Australian share market gain +1.6% and the MSCI World Index up +1.7% (in AUD Hedged terms). The Australian dollar (-1.2%) continued to weaken while Australian bonds were up (+1.0%) during the month….

The Stonehouse Core Value Portfolio rose strongly in October (+2.46%), taking the 12 month rolling return to +8.5%, a welcome result for investors. The month saw the Australian share market finish up +4.0% and the MSCI World Index delivered a solid return of +2.7% (in AUD Hedged terms). The Australian Dollar (-2.2%) continued to weaken…

The Stonehouse Core Value Portfolio (CVP) rose +1.0% in September, in a month that saw the Australian share market finish slightly down (-0.02%) while the MSCI World Index delivered a solid positive return of +2.4% (in AUD Hedged terms). The Australian dollar (-0.8%) continued to weaken and Australian bonds also fell (-0.3%) during the month….

The Stonehouse Core Value Portfolio rose +0.5% in August, in a month that also saw the Australian share market (+0.7%) finish higher, while the MSCI World (+0.2% in AUD Hedged terms) delivered a small positive return. The Australian dollar gave back some of the previous months’ strong performance (-1.0%), while Australian bonds rose +0.2% and…

The Stonehouse Core Value Portfolio began the new financial year slightly down (-0.18%), in a month that also saw the Australian share market finish flat. The MSCI World Index returned -1.2% in unhedged currency terms which spoke to a month where the Australian dollar had substantial consequences for the Australian investor, appreciating strongly (+3.7%) to…

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