Australian Unity Pro-D Investment Funds – Monthly Fund Updates for May 2023
Most investment markets lost ground in May. The Australian share market declined (-2.4%) with Consumer Discretionary, Financials and Consumer Staples stocks impacted most.
On the other hand, Information Technology stocks surged, benefiting from global enthusiasm regarding artificial intelligence (AI) developments. Australian Real Estate Investment Trusts (A-REITs) fell (-1.8%) as bond yields rose. Currency-hedged international equities were down (-0.2%) and unhedged international equities gained 1.2% as the Australian dollar declined (-1.7%) against the US dollar.
Below are the links to the Fund Updates for the Pro-D Funds as at 31st of May 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.
