June : no where to hide for long only managers.Performance of...

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    June : no where to hide for long only managers.

    Performance of main US indexes :
    - S&P 500 : - 8.4 %
    - Nasdaq : - 8.7 %

    Performance by sector in S&P 500 :
    - best : consumer staples (- 3.8 %) and healthcare (- 4.1 %),
    - tech : - 8.9 %
    - worse : energy (- 17.5 %), basic materials (- 14.7 %), financial services (- 10.8 %).

    Only element which favoured Australian international equities fund managers : USD which increased by 4.6 % vs AUD.
    So overall, it helps them offset more than half of the decrease of S&P 500.
    As a result, S&P 500 in AUD did much better than ASX all ord which was done by 9.5 % in June.

    Platinum should be the fund manager which benefits the most from such market conditions :
    - gaining on its short on tech,
    - benefiting from USD increase,
    - and apparently improvement also for Asian markets.

    Platinum main fund performance (in AUD) was - 2.1 % at 29/6/22, for the month of June.
 
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