The Core Value Portfolio (CVP) generated a return of +3.43% for the month, a solid return given the current defensive positioning of the Portfolio. The Australian equity market finished the month up +8.8%. SGH ICE (+16.1%), Firetrail High Conviction (+14.7%), and Allan Gray (+12.5%) all provided significant alpha. The other investments from this asset class, the beta exposure…

March was a turbulent month for global financial markets. Evidence of the Covid-19 virus spreading into Europe triggered a sharp fall in equities and other assets, combined with a liquidity squeeze as demand for USD cash rocketed. The AUD fell nearly 10c against the USD. Volatility rose across many asset classes, with equities moving up and down by…

The Core Value Portfolio (CVP) generated a return of (-2.59%) in February. Whilst a negative return, this was against a backdrop of equity markets falling significantly in what became a volatile month. Up until the last week of February, most major market indices were trading flat to up. However, in the last week equities sold…

The Core Value Portfolio (CVP) generated a positive return of +2.02% in January in a strong month for domestic and international equities with both indexes up +4.7% and +4.4% respectively. As a result of the robust performance in the Australian equity market, all managers delivered positive returns in January. The best performing fund was the…

Performance for equity markets was weak in December with both the Australian equity market (-1.9%) and MSCI World Equity Index (-0.9%) posting losses. The Core Value Portfolio (CVP) capped off the year with a flat monthly return of +0.02%, a pleasing result which brought the calendar year return to +11.2%. Despite the Australian equity market…

The Stonehouse Core Value Portfolio (CVP) generated a return of +1.42% in November. Performance of equity markets was strong during the month with the Australian equity market and MSCI World Equity Index both posting gains of +3.1% and +3.6% respectively. Within the domestic equity allocation, all funds in the portfolio produced positive returns. The best…

The Stonehouse Core Value Portfolio (CVP) generated a return of +0.36% in October. Performance of equity markets was mixed, with the Australian equity market posting a small loss (-0.37%) and the MSCI World Equity Index posting a small gain (+0.41%). Within the domestic equity component of the Portfolio the best performing strategy was the small…

The Stonehouse Core Value Portfolio (CVP) generated a return of +0.98%, in a month that saw equity markets reverse August losses with the Australian equity market and MSCI World Equity Index (in AUD terms) both up +2.1%. Within the domestic equity component of the Portfolio, all managers posted positive returns. The best performing strategy was…

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%)…

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