The Stonehouse Core Value Portfolio (CVP) returned -0.17% in August during a difficult month for the local Equity market with the ASX 200 Index returning -2.33%. The CVP is still now up +1.62% since the start of this financial year.

Equity managers were mixed with Allan Gray +1.28%, JO Hambro +4.05%, Platinum International +3.17%, MSCI Japan High Dividend ETF +2.07% and Lansdowne Europe +0.43% delivering solid returns. Macquarie Australian True Index -1.56%, Epoch Global Equity Hedged -1.55%, Henderson Global Resources -1.91% and SGH ICE -1.90% detracted for the month.

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