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| Fund Overview | |
| Manager Comments | The local market fell 2.5% in June with a noticeable pickup in volatility across the globe as various macro events took their toll on investor sentiment across all asset classes. As a result, the AUD continued its' recent slide finishing the month down over 4% against the USD ($0.914) while the Materials sector finished down over 10% for the month. Other under-performing sectors included IT (-6%) and Energy (-5.8%). The Fund consolidated the gains made recently with a profit warning from one of the short holdings as well as a general risk-off attitude towards domestically focused businesses contributing to performance. Detracting from performance was a profit warning from one of the Fund's long holdings. The Manager expects recent volatility to persist as markets and investors grapple with a potential change in ultra-loose monetary policy which has been in place for so long now. |
| More Information | » View detailed profile of this fund |
