During November 2019 the Ethical Partners Australian Share Fund returned 3.65% versus the S&P/ASX 300 Accumulation Index of 3.18%, outperforming the market by 0.47%(after fees). Over the last quarter the Fund benefited from overweight positions in both Packaging and Construction Materials and an underweight position in Real Estate. Key detractors over the last quarter included an underweight position in Health care and Energy and an overweight position in Consumer Staples.
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