Australian Unity Pro-D Investment Funds – Monthly Fund Updates for December 2023
Share markets surged in December following an indication from the US Federal Reserve that it expects to cut interest rates three times in 2024, as US economic and inflation data releases show signs of slowing.
US job openings retreated in October to 2021 levels, US personal consumption expenditures showed consumer prices declined -0.1% during November and US annual headline CPI printed 3.1% in November, down from 3.2% in the prior month. Major global central banks kept interest rates on hold during the month.
Australian shares gained 7.2% in December, led by the Healthcare, Materials, Real Estate and Technology sectors. Currency-hedged international equities gained 3.9% and unhedged international equities returned 1.8%, blunted by the Australian dollar which appreciated in value against the US dollar and Euro. The Australian 10-year government bond yield tumbled by (-0.46%) to 3.96% pa and the US 10-year government bond yield fell by (-0.45%) to close at 3.88% pa.
Below are the links to the Fund Updates for the Pro-D Funds as at 31st of December 2023.
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.
