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… Read More »Munro Partners – Global Growth PMA Update [Oct 2025]
Munro Partners has announced a portfolio adjustment within the Munro Global Growth PMA, selling out of Costco (COST US) and initiating a 3.5% position in CATL (3750 HK). Rationale for the change: This shift reflects Munro’s continued commitment to identifying high-quality growth opportunities in industries driving the global energy transition… Read More »Munro Partners – Portfolio Update: Adding Exposure to Battery Innovation [Oct 2025]
The Munro Global Growth PMA delivered a +2.7% return in September, outperforming its benchmark, the MSCI ACWI TR Index (AUD), which gained +2.3%. Market overview:Global equity markets rallied through the month, supported by easing U.S. interest rates, strong corporate earnings, and continued momentum in artificial intelligence development. Key performance highlights:… Read More »Munro Partners – Monthly Performance Update [Oct 2025]
The Aoris International Fund Class A (Unhedged) declined 2.4% in September, compared to a 2.4% gain for the benchmark. While recent performance has lagged materially, the Aoris team remains confident that the portfolio’s long-term fundamentals are intact and that the current environment presents better value for investors than it did… Read More »Aoris – International Fund [Sept 2025]
The Chester High Conviction Fund returned 4.8% for the September quarter, compared with a 5.0% gain for the ASX 300 Accumulation Index. Over the past 12 months, the fund has delivered an impressive 16.6% return after fees, outperforming the benchmark’s 10.8%. This quarter also marks a major milestone — 12… Read More »Chester – High Conviction Fund Quarterly Update [Sept 2025]
The Munro Global Growth PMA returned -3.3% (gross) for August, underperforming the benchmark MSCI ACWI TR Index (AUD) which gained +0.8%. Key Highlights Performance Snapshot (as at 31 August 2025) Portfolio Positioning Munro remains focused on identifying structural growth opportunities across global markets, with particular emphasis on climate, digital disruption,… Read More »Munro – Global Growth PMA Report [Aug 2025]
Performance OverviewThe Aoris International Fund experienced a softer month in August, with returns below benchmark across both the Unhedged and Hedged classes. Despite the short-term pullback, Aoris continues to deliver strong long-term results. Since inception, the Fund has outperformed its benchmark across multiple timeframes, reflecting its disciplined focus on quality… Read More »Aoris International Fund – Monthly Report [Aug 2025]
The Chester High Conviction Fund (CHCF) delivered a +1.5% return after fees in August, relative to the ASX300 Accumulation Index return of +3.2%. On a 12-month basis, the Fund returned +16.7% after fees, outperforming the benchmark return of +14.9%. Reporting Season Takeaways Chester’s key observation from the recent reporting season… Read More »Chester – High Conviction Fund Update [Aug 2025]
Around the Grounds As we approach spring, Copia Investment Partners is pleased to share the latest insights and performance updates across our suite of investment managers. 📹 Mutual Limited – Yield Without Whiplash In a new short video, Scott Rundell (CIO, Mutual Limited) discusses the income challenge faced by retirees.… Read More »Copia Investment Partners – Monthly Update [Aug 2025]
Portfolio Changes Munro Partners has announced several adjustments to the Global Growth portfolio to reflect evolving opportunities and risk assessments: Rationale Behind the Changes Exits: ServiceNow & Eli Lilly Additions: Boston Scientific & Spotify Increased Position: Uber Outlook Munro continues to take a long-term growth-oriented approach, balancing exposure to innovation… Read More »Munro – Portfolio Update [Aug 2025]