News and Insights
Overall, July delivered strong Australian equity market returns, largely driven by energy and financials, but underneath the surface earnings expectations softened, and bond yields moved higher.
From a small shed in Armidale to a nationally recognised youth organisation, BackTrack is proving what can happen when vulnerable young people are met with practical pathways, trusted relationships and steady support.
Over the June quarter the Fund performed well producing a total net return of 14.00% outperforming the benchmark by 0.23%.
Overall FY27 is shaping as a year in which disciplined stock selection and portfolio diversification are likely to matter more than broad market direction.
The June quarter highlighted the increasingly delicate balance facing Australian fixed income markets.