Munro Global Growth Fund Monthly Report – July 2017

Munro Global Growth Fund Monthly Report – July 2017

Munro Global Growth Fund Monthly Report – July 2017

The Munro Global Growth Fund returned 1.9% for the month of July, comprising a return of 3.0% from equities and -1.1% from currency. The MSCI AC World Index (AUD) meanwhile returned -1.2% for the month (1.8% from equities, and -3.1% from currency).

The Fund now has a 12-month track record with the Fund returning 15.1% after all fees and expenses relative to 11.4% for the index.

In terms of stock specific attribution, positive performance for the Fund was driven by internet giants Facebook and Tencent, semiconductor names ASML and AMAT, as well as leading video game publishing companies Activision Blizzard and Electronic Arts.

 

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