The Stonehouse Core Value Portfolio (CVP) generated a return of +0.98%, in a month that saw equity markets reverse August losses with the Australian equity market and MSCI World Equity Index (in AUD terms) both up +2.1%.
Within the domestic equity component of the Portfolio, all managers posted positive returns. The best performing strategy was Allan Gray Australian Equity (+3.2%). This was followed by SGH ICE (+2.0%), Macquarie True Index Australian Share (+1.9%) and IML Equity Income (+1.3%). Firetrail Australian High Conviction Fund is a new addition to the Portfolio and was also up for September (+0.8%).
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