The Australian strategy delivered a return of 2.1% in the month of November, above the benchmark return (-0.3%). The monthly performance of the strategy’s largest positions were as follows: Reece (17.8%), Afterpay (-11.7%), Wisetech Global (2.7%), Megaport (19.2%) and Nearmap (-27.6%). The global strategy earned a return of 6.5% (AUD) for the month, above the benchmark return (3.6%). The strategy’s largest positions remain MarketAxess, DR Horton, Fraser Group, Masimo Corporation, Starbucks and Microsoft. The Australian and global strategies have outperformed their benchmarks in the past 12 months by 10% and 2% respectively.
