Pacific Private Asset Management is pleased to share the June 2025 performance update from our investment partner Munro Partners, highlighting continued strong results driven by global growth themes.
📈 Performance Snapshot
- Fund Return (June 2025): +4.8%
- Benchmark (MSCI ACWI in AUD): +2.6%
- Outperformance: +2.2%
The Munro Global Growth PMA delivered another month of outperformance, supported by strength in technology and climate-related positions.
🔝 Key Contributors
- Nvidia (High Performance Computing) – Surged to all-time highs on ongoing AI optimism
- TSMC (Connectivity) – Strong demand in AI-driven semiconductor production
- GE Vernova (Climate) – Positive market momentum in renewable energy
- Meta (Digital Media & Content) – Confidence in AI strategy and new ad initiatives on WhatsApp
📉 Key Detractors
- Mastercard (Digital Payments) – Concerns about regulatory shifts and stablecoin-related disruption
- Costco (Consumer) – Temporary performance miss amid high expectations
The portfolio remains focused on long-term structural themes, including AI, climate, and digital innovation, seeking to capture durable growth opportunities globally.