The Munro Global Growth PMA delivered a +4.0% return in October, outperforming the benchmark (MSCI ACWI TR Index (AUD)) return of +3.5% by 0.5%.
Equity markets continued their upward momentum in October, supported by strong quarterly corporate earnings, progress in US–China trade discussions, and a US Federal Reserve interest rate cut.
Key Contributors:
- Nvidia (High Performance Computing)
- Amazon (E-Commerce)
- Alphabet (Internet Disruption)
Key Detractors:
- Meta (Digital Media & Content)
- Motorola Solutions (Security)
- Oracle (Digital Enterprise)
Since inception in July 2016, the Munro Global Growth PMA has delivered a 20.8% p.a. return (gross), significantly outperforming the MSCI ACWI benchmark return of 14.0% p.a.
Munro continues to focus on global growth opportunities across high-performance computing, climate innovation, and digital transformation themes.
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For more information on how Munro Partners may complement your investment strategy, please contact your Pacific Private Asset Management representative.