Monthly Fund Reports for May

Market pricing for the end of year cash rate was largely unchanged through May, with no rate cuts priced in until well into 2025, likely around mid-year at this stage. The recent inflation data has further cemented the growing belief that rate cuts are not imminent. While markets are not pricing in rate cuts for 2024, median consensus expectations are for one cut by year end, either at the November or December meeting.

Click below for monthly reports:

• Mutual Cash Fund

• Mutual Income Fund

• Mutual Credit

• Mutual High Yield