Market Insights > Slice of Pie Newsletter > August 2020, Issue No. 144
This month Mike discusses asset bubbles and says don't worry just yet. Plus, we're celebrating the Growth 2 Fund's 5-year milestone.
The Global Growth Fund was up 1.5% in July, leaving it up 18.4% for the past 12 months.
Conservative had a strong month, boosted by the growth portion. The Fund returned 1.0% for July and has a 12-month return of 4.0%.
This month, we celebrate five years since we opened our Australasian Growth 2 Fund, back in August 2015.
July was another positive month for markets.
The Growth Fund was up 5.9% during the month. The ASX Small Ordinaries index was up as far as 5.3% during the month.
August 2020 Fact Sheet
To invest with Pie Funds, read the PDS and complete the online application form.
Product Disclosure Statements
The JUNO KiwiSaver Scheme is owned, managed and issued by Pie Funds. Click to join below.
Past performance is not a guarantee of future returns. No person including the Director of Pie Funds Management Limited guarantees the repayment of units in the funds or any return of units in the funds. Returns can be negative as well as positive and returns over different periods may vary. The JUNO KiwiSaver Scheme is owned, managed and issued by Pie Funds.
Subscribe to our monthly newsletter Slice of Pie for the latest fund
performance metrics and global updates from the investment team.
We are taking steps to try to preserve investor capital and take advantage of opportunities, arising from the severe market disruption associated with COVID-19.
To assist with buying into the current severe sell-off we have secured approval from our supervisor for a temporary exception to our Statement of Investment Policies and Objectives (SIPO), to allow us to exceed our maximum number of positions for the following funds:
We sought permission to increased position limits because we believe it will help us better serve our investors’ interests by:
The exemption is in force now. We will review the need for the exception in six months. If market conditions have returned to more normal settings, we will return within SIPO limits.