SUMMARY
- Global markets fell in June as inflation reached a 40-year high in both the US and Europe.
- Amid strong style headwinds and economic uncertainty, we continue to find opportunities to purchase high-quality, growing businesses.
- The Portfolio’s overweight in Health Care was a contributor to relative returns as Health Care stocks significantly outperformed the broad index.
The Fund fell -4.0% in June, outperforming the Index (MSCI All Country World Total Return Index (net) in $A) which fell -4.5% for the same period.