Performance to 31 August 2015

Performance to 31 August 2015

The Montgomery funds recorded solid results in the twelve months to 31 August 2015.

The Montgomery Fund was up by 5.71 per cent, outperforming its benchmark by 8.94 per cent. Over the period under review, the S&P/ ASX 300 Accumulation Index, which assumes reinvestment of dividends, was down 3.23 per cent.

The Montgomery [Private] Fund was up by 6.4 per cent, out-performing the broader market by 9.63 per cent.

In the period between inception (17 August 2012) and 31 August 2015, The Montgomery Fund has out-performed its benchmark by 5.96 per cent per annum, after expenses.

In the period between inception (23 December 2010) and 31 August 2015, The Montgomery [Private] Fund has out-performed its benchmark by 3.13 per cent per annum, after expenses.

Over the two months to 31 August 2015 the Montaka Global Fund delivered a positive return of 8.00 per cent while the Montgomery Global Fund recorded a positive return of 1.86 per cent, slightly under-performing its benchmark the MSCI World Net Total Return Index in Australian dollars, which increased by 2.10 per cent. All Montgomery funds have generally maintained a significant cash weighting over the periods under review.

For those readers who may be having trouble understanding the difference between the total return and the unit price, can I please encourage you to read the following post, How Do We Calculate Returns?

Investors who either do not have the time or the inclination to follow the share market so closely, may want to consider outsourcing some of the management of their funds to Montgomery Investment Management.

To learn more about our funds, please click here, or contact me, David Buckland, on 02 8046 5000 or at dbuckland@montinvest.com.

MORE BY DavidINVEST WITH MONTGOMERY

Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.