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Performance to 31 December 2012

Performance to 31 December 2012

The Montgomery Fund was launched on 17 August 2012. In the period to 31 December 2012 The Fund delivered a return of 16.88%, after expenses.

Over the same period the S&P/ ASX 300 Accumulation Index appreciated by 8.68%.
 The Montgomery [Private] Fund was launched on 23 December 2010. In the period to 31 December 2012 The Fund delivered an absolute return of 22.1%, after expenses.

This assumes reinvestment of the 30 June 2012 distribution of 2.8771 cents per unit.

Over the same period the S&P/ ASX 200 Industrials Accumulation Index appreciated by 1.75%.

While these are pleasing results, performances over short time frames have limited meaning, and our focus remains firmly on long term goals.

The December 2012 Investment Reports will be sent to Investors in The Montgomery Fund and The Montgomery [Private] Fund later this week, after sign-off.


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.

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  1. I was talking to a chap just last week about it. He said he’d been given some good advice by a friend – “Resist the temptation to annualise”.

    All the same, it’s a cracking start.

  2. Great work David and congratulations to all at Montgomery on this excellent result.

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