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NTA POST-TAX
NTA PRE-TAX
INVESTMENT PERFORMANCE1
DIVIDEND YIELD2
CONSECUTIVE DIVIDENDS PAID
1. Investment performance since new mandate adopted 1 July 2017.
2. Dividend yield is based on current displayed share price and dividends declared over the previous 12 months
3. Grossed up yield is based on current displayed share price, dividends declared over the previous 12 months and the tax rate and franking percentage applicable for the most recently declared dividend
SUMMARY
- Equity markets rebounded strongly in October as company earnings showed resilience
- Investors are turning their attention to an eventual easing of the speed of interest rate increases as the global economy shows signs of slowing
- The Portfolio returned 3.7% in October, while the benchmark returned 7.8%
We have also included below our recent interview with Ray Vars, Investment Specialist from Harding Loevner.