SUMMARY
- Global equities were volatile in August but ended the month higher in local currency terms, as inflation continued to slow and economic data remained fairly positive.
- The technology sector underperformed, with several semiconductor stocks weaker.
- The Portfolio returned +1.8% in August, while the benchmark returned +1.6%, as the currency hedge protected the Fund from the impact of the weaker US dollar.
Join Fund Manager Bradley Amoils for an exclusive webinar where he discusses the Fund’s current portfolio holdings, the factors influencing recent performance, and some of the market variables the investment team is considering moving forward. Register here.