The Stonehouse Core Value Portfolio (CVP) fell -2.10% over the June quarter to record a 2014/15 total financial year performance of +8.19%. While disappointing, the June quarter performance needs to be viewed in light of the considerable financial market turmoil experienced as the onset of the Greece Financial Crisis took hold. To put our results in context, the
ASX 200 index fell by a considerably larger -6.55% over the June quarter and recorded a smaller financial year performance of +5.68%. As has been mentioned in the past, strong relative performance for the CVP coupled with a reasonably smooth pattern of returns is a key objective of the Stonehouse Investment Committee.
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