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MIF Monthly Update – November 2019

 

MIF delivered 0.19% (gross) for November, lifting the quarterly return to 0.68% and annual return to 3.49%.  ADI names delivered a positive month across the portfolio, the highlight being Regional Bank Tier 2 that outperformed.  With the RBA expected to cut rates again in 2020, the ongoing investor ‘hunt’ for yield will continue, which will be supportive for the assets held in the portfolio.