Australian Unity Pro-D Investment Funds – Monthly Fund Updates for July 2024
In July, share markets rose despite Middle East unrest and weak earnings from Alphabet and Tesla. Slowing inflation in the US and Australia, along with potential rate cuts from the US Federal Reserve, boosted sentiment.
Australian shares increased by 4.1%, led by Consumer Discretionary, Financials, and Industrials, while A-REITs surged 6.8%. The Australian 10-year bond yield fell to 4.12%, and the US 10-year bond yield dropped to 4.03%. Currency-hedged international equities gained 1.2%, while unhedged investors saw returns of 4.1% due to a weaker Australian dollar.
Below are the links to the Fund Updates for the Pro-D Funds as at 31st of July 2024.
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.
