Over the month of September the Stonehouse Core Value Portfolio (CVP) had a pull back of -0.38% in a challenging month for Global Equity markets which saw a decline of -0.89%. The CVP ended up +1.23% for the July – September quarter.
Equity managers were mixed with Macquarie Australian True Index +0.52%, new entrant Australian long/short LHC Australian High Conviction +0.50%, Henderson Global Natural Resources +2.14% and JO Hambro +2.19% delivering positive returns. International managers predominantly detracted with Wingate Global Equity -3.01%, iShares Global 100 -2.16%, iShares MSCI Japan High Dividend -0.81% and Platinum International -0.47%.
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