With equity markets continuing to push higher, the Stonehouse Core Value Portfolio (CVP) generated a positive return (+1.90%) for the month in February.

Given the Australian equity market’s strong performance (+5.3%), all domestic equity managers positively contributed led by Allan Gray Australia Equity (+6.2%) which outperformed the market return and the beta exposure held in the Macquarie Australian Shares True Index (+6.0%). The small cap exposure through SGH ICE (+3.3%) and the IML Equity Income Fund (+2.6%) also had favourable performance through the reporting season.

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