NSTYY - abrdn Australia Equity Fund Q1 2025 Commentary

2025-05-29 07:10:00 ET

Summary

• The Fund returned -1.43% over the review period, slightly underperforming the benchmark ASX 200 Index’s return of -1.24%.
• This underperformance largely came amidst a rapid sell-off in quality names, which had outperformed, and a shift to defensive stocks.
• We saw weakness in the financials, real estate, and healthcare sectors and saw some detraction from a lack of exposure to consumer staples.

Fund performance

The Fund returned -1.43% over the review period, slightly underperforming the benchmark ASX 200 Index’s return of -1.24%. This underperformance largely came amidst a rapid sell-off in quality names, which had outperformed, and a shift to defensive stocks.[1]...

For further details see: