The Core Value Portfolio (CVP) returned +1.5% in August, another strong result given the conservative positioning of the Portfolio. The rally in Australian equities continued in August with the market finishing the month up +3.0%. All Australian share funds in the portfolio produced positive returns. The standout performer was the Bennelong Concentrated Australian Equities Fund…

The Core Value Portfolio (CVP) returned +1.6% in July, a strong result given the fairly defensive posture of the portfolio. The Australian equity market increased marginally in July (+0.9%). The largest contributions within the Portfolio came from the Bennelong Concentrated Australian Equities Fund (+2.3%) and SGH ICE (+2.6%). The Macquarie True Index Fund (+0.6%) and…

The Core Value Portfolio (CVP) returned +0.57% in June as markets settled and the volatility seen in recent months subsided. This brings the returns for the June quarter to +6.1%. The Australian equity market posted a small gain of +2.3% in June. The best performing investments in the Portfolio were the beta exposure via Macquarie…

The Core Value Portfolio (CVP) returned +2.00% for the month of May, a solid result given the defensive stance of the Portfolio. May was a volatile month for the Australian equity market; however it finished the month up +5.0%. SGH ICE (+7.1%), Firetrail High Conviction (+5.3%), and Allan Gray (+5.5%) all produced returns exceeding the…

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…

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