The Core Value Portfolio (CVP) returned -0.4% in September, as uncertainly amongst global markets rose and all equity markets saw negative returns as a result.
The Australian market retracted in September closing down (-3.7%), with all Australian equity investments in the portfolio detracting from performance . SGH ICE (-1.8%), Bennelong Concentrated Australian Equities (-1.9%) and Firetrail Australian High Conviction (-2.4%) were the better performers in the sector and outperformed the benchmark. The Macquarie beta exposure (-3.6%) and the Allan Gray Australia Equity (-6.5%) performed in-line with or below the benchmark.
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