Over the month of July the Stonehouse Core Value Portfolio (SCVP) rose +1.22% as markets continued to build upon the gains exhibited over the second quarter of this calendar year.
Positive performances over the month came from our ETF exposures S&P/ASX200 ETF (+3.95%), Blackrock iShares Global 100 ETF (+0.94%), Vanguard Australian High Yield ETF (+3.89%), and the FTSE Emerging Markets ETF (+1.37%). Our active manager exposures also benefitted from the buoyant market environment with Australian equities manager Perpetual Shares Plus recording a sizable gain (+4.56%), domestic property exposures Phoenix Property Securities (+4.50%) and SGH Property Income (+4.96%) recording good performance as well as domestic long/short equity manager Bennelong (+3.00%) making a welcome return back into positive territory.
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