Australian Unity Pro-D Investment Funds – Monthly Fund Updates for August 2022
In August many investment markets experienced losses, exacerbated by a renewed commitment from Federal Reserve Chairman Jerome Powell to continue raising interest rates to combat inflation, which may “bring some pain to households and businesses”. Locally the Reserve Bank of Australia raised interest rates by 0.50%, taking the official cash rate to 1.85% with guidance that further interest rate rises were necessary and to be expected. Australian bond investors saw losses of (-2.5%) for the month as yields rose.
Below are the links to the Fund Updates for the Pro-D Funds as at 31st August 2022.
Further information
If you would like further information about these investments, please contact your Plus7FM team.
Alternatively, you can speak with a member of our Adviser Services team by calling (08) 8130 5500 or email any questions.
