Australian Unity Pro-D Investment Funds – Monthly Fund Updates for March 2024
Investment markets performed strongly during March, with Australian and international shares each rising over 3% for the month and yield-sensitive sectors (including Australian REITs, up 9.6%) performing very strongly. US Fed Chairman Jerome Powell acknowledged strength in the US economy and labour market while also noting that recent inflation readings have been in line with expectations.
Major global central banks kept interest rates on hold during March, but bond yields fell (Australian 10-year government bond yield declined -0.17% to 3.96% pa and the US 10-year government bond yield fell by -0.05% to close at 4.20% pa) as market participants factor-in cash rate cuts in coming months.
Against this backdrop, the Funds achieved strong returns during the month. Growth assets such as shares and real estate were the main contributors to returns. Longer-period returns are solid, reflecting generally-supportive share markets through much of the past decade (albeit impacted by COVID’s emergence in 2020 and share & bond market losses in calendar year 2022).
The Pro-D funds achieved strong returns during the month. Full details are in the Fund Updates linked below.
Below are the links to the Fund Updates for the Pro-D Funds as at 31st of March 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.
