Performance to 31 December 2014
The Montgomery Funds recorded pleasing performance in the six months to 31 December 2014.
The Montgomery Fund was up by 7.44 per cent, outperforming its benchmark by 5.07 per cent. Over the period under review, the S&P/ASX 300 Index was up 0.17 per cent, while the S&P/ ASX 300 Accumulation Index, which assumes reinvestment of dividends, was up 2.37 per cent.
The Montgomery [Private] Fund was up by 7.65 per cent, out-perfoming the broader market by 5.28 per cent.
In the period between inception (23 December 2010) and 31 December 2014, The Montgomery [Private] Fund has out-performed its benchmark by 4.39 per cent per annum, after expenses.
In the period between inception (17 August 2012) and 31 December 2014, The Montgomery Fund has out-performed its benchmark by 4.83 per cent per annum, after expenses.
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
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.
Pam Totolos
:
Roger, congratulations on delivering a terrific result ! From previous discussions, that 40% of your portfolio sitting in cash is delivering.
All the best !
Kind regards,
Pam.
David Bach
:
A solid performance in a volatile market. As an investor with Montgomery Fund I must congratulate you on your performance and also your administration efficiency. My distribution has already been reinvested in the fund and formal advice of this received. Other funds seem to take weeks to do this.