The Core Value Portfolio (CVP) produced a return of (+0.8%) in December, with markets continuing to see positive tailwinds on the back of a more optimistic economic outlook.
The Australian equity market experienced another positive month finishing up (+1.8%), benefiting from upbeat investor sentiment. The strongest performers were SGH ICE (+3.3%) and the Firetrail Australian High Conviction Fund (+2.5%), together delivering significant alpha for the portfolio. The Bennelong Concentrated Australian Equities Fund (+1.7%), the Allan Gray Australia Equity Fund (+1.6%) and the Macquarie True Index Fund (+1.3%) produced returns in line with or just below the benchmark.
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