SUMMARY
The Australian stock market continued to rally in June, albeit at a slower rate of 2.3%. In comparison, the Fund generated a small positive return. The last three months have seen a dramatic rally from the even-more-dramatic sell-off experienced during February and March. For the quarter to 30-Jun-20 the Fund has returned 15.2 %1, compared to the broader market’s return of 17.8%. For the financial year ended 30 June the Fund recorded its first negative year since inception 13 years ago, returning -3.9% against a market that was down -7.2% over the 12 month period. For comparison purposes the RBA cash rate was 0.7% for the year.