After a sharp sell-off in October, markets rallied strongly over November and December, after hints from central banks that the end of the current rate hiking cycle is imminent, leading the market to start pricing in potential rate cuts in 2024.
From a portfolio perspective, Lonsec’s Listed Managed Portfolios generated strong returns over the quarter, ranging from 4.8% for the Conservative portfolio to 6.3% for the High Growth portfolio.
Portfolio Manager for the Listed portfolios Dan Moradi provides a quarterly update, covering the latest performance, positioning, and outlook.
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