The Stonehouse Core Value Portfolio (CVP) generated a return of +1.98% in June. Equity markets bounced back during the month with the MSCI World Ex Australia Index posting a gain of +5.3% and the Australian equity market +3.2%.
Within the domestic equity component of the Portfolio, the best performing strategy was the exposure held through Macquarie Australian Share True Index (+3.6%). This was followed by Allan Gray Australian Equity (+2.9%) and IML Equity Income (+1.2%). The smaller cap exposure held through SGH ICE (-0.4%) generated a small negative return.
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