Global share markets continued to be buoyed during July by confirmation that central banks will maintain their “lower for longer” approach to interest rates. After two and a half years sitting on the sidelines, our Reserve Bank has now cut rates two months in a row. While this focus on interest rates has translated into a positive response on the share market, forecasts for global growth in the coming years continue to be tested.
TAIM’s Funds have continued their consistent outperformance of the general market during July. Our principle Momentum Fund has now outperformed its benchmark, the ASX200 Accumulation Index, by a very healthy 20% plus in the 22 months since its inception.
Our Leveraged Fund continues its stellar run in 2019, with its second straight month with a greater than +10% gain. This Fund has returned over 78% for investors this calendar year and has more than doubled the performance of its benchmark since inception.
The Australian ASX200 finally broke through its previous high, after almost 12 years, at the end of the month, before retreating. With trade tensions testing global markets, and the August company reporting season in full swing back home, our market may be more volatile in the coming weeks.
About TAIM Investments
TAIM Investments operates two Australian equities investment funds. Both have exhibited exceptional performance, during an initial 4-year small-scale-offering period, and now under the company’s own AFSL. Both funds have an Australian blue chip focus – portfolio of 20 ASX200 equities, long only, no short-selling or derivatives – and we use an automated quantitative approach to deliver superior performance.