A strange idea of a" strong performance".

"The WGF portfolio increased in value by 1.0% post-fees, showing continued strong momentum and underlying alpha generation from stock selection."
Thanks guys, a really top performance for the month. Yes Watermark benchmark against the RBA cash rate (currently 1.2%pa) So our managers creamed the RBA this month with a brilliant return of 1% thereby thrashing the RBA cash rate by an astonishing 0.9% for the month. But, for the year, the old RBA cash return was UNDERPERFORMED by 4.4%.
WGF actually LOST 2.9% over the year.
No sweat guys , you just keep taking the money for failure.