Hi AllThe markets in the month of June have been volatile and...

Hi All

The markets in the month of June have been volatile and the GQG Top Ten losses have varied significantly.

Before going through the Top Ten tables, I will point out a previous post here that I believe everyone should read first:
https://hotcopper.com.au/posts/61274926/single

In simple, it shows historically GQG's portfolio holdings rotate significantly during volatile times, with the objective of achieving stable performance. In this previous post, GQG's portfolio holdings leading in and out of the Covid market fall in March 2020 demonstrate how GQG's Portfolio Managers rotate out of poor performing holdings and into new positions.

There has been some discussion in another forum how GQG achieve this (I believe derivatives are used heavily), but we will not know the true outcome until the FUM announcement later next week.

Here are the top ten performances for each portfolio in USD terms (due to the AUD/USD exchange rate during the month, this performance improves by approximately 4% in AUD terms:








Here are the main US Market Index performances for the month and the quarter:


Thoughts welcomed. Looking forward to GQG announcement later next week showing the actual picture and all updated portfolio positions a bit later in the month for the quarter. Expecting to see the loss making holdings like Altria and Devon reduced, with what the commentary is around thoughts on Energy moving forward.

Best of Luck
Lost