The VIP Growth Portfolio underperformed its benchmark, the  Morningstar Growth Index for the quarter ending 30 June 2026, generating a return of 4.20% compared to the benchmark return of 7.99%, reflecting an underperformance of 3.79%. The portfolio’s underperformance reflected a period where the investment style and positioning were temporarily out

Over the three-month period, the portfolio’s defensive architecture, including gold exposure and a selective approach to growth equities, initially provided meaningful downside protection relative to the broader market. However, the escalation of the Iran conflict triggered a sharp rise in oil prices and a broader liquidity-driven de-risking, resulting in simultaneous

Portfolio Activity During the quarter, VIP reduced fixed interest exposure and reallocated into property. UBS Small Caps was sold, with proceeds redeployed into other small- and micro-cap managers. Positions in oversold sectors, including Healthcare and WiseTech, were increased. National Storage REIT was replaced with the Magellan Core Infrastructure Fund (CBOE:

VIP Growth Portfolio Performance Overview The VIP Growth Portfolio continued to deliver positive performance during the September quarter, yielding a  gross return of 1.21% outperforming its benchmark by 46  bps. Over the full quarter, the portfolio delivered a  return  4.6%, resulting in a 15bps outperformance relative to the benchmark. The

VIP Growth Portfolio Performance Overview The VIP Growth Portfolio continue to return positive performance amid market turbulence and US recession fears. Over the past month the portfolio underperformed its Benchmark by 47bps Due to global and domestic uncertainties. the portfolio has strategic been positioned to mitigate risk with its Standard

VIP Growth Portfolio Performance Overview The VIP  Growth Portfolio continue to return positive performance amid market turbulence and US recession fears returning. Over the past month the portfolio outperformed its Benchmark by 39bps. Despite global and domestic uncertainties, the portfolio has strategic been positioned to mitigate risk with its Standard

VIP Growth Portfolio Performance Overview The VIP Growth Portfolio continued its strong performance amid evolving economic challenges during the December 2024 quarter. Over the past three months, the portfolio achieved a return of 1.91%, bringing its year-to-date returns to 13.64% outperforming its Benchmark of  12.80%. Despite global and domestic uncertainties,

VIP Growth Portfolio Performance Overview The VIP Growth Portfolio continued its strong performance amid evolving economic challenges during the September 2024 quarter. Over the past three months, the portfolio achieved a return of 4.58%, bringing its year-to-date returns to 11.51%, outperforming its Benchmark YTD return of 11.10%. Despite global and

Year to date VIP’s flagship Growth portfolio has returned strong performance up 6.63%, outperforming its benchmark by 1.15%. Similarly over the June Quarter the Growth portfolio surpassed its benchmark by 8bps. This period benefited from some strategic adjustments in response to market fluctuations, reflecting VIP’s ability to adapt to changing

VIP’s Growth portfolio performed well over the March quarter, up 7.05% exceeding its benchmark by 1.07%. The solid quarterly performance reflected significant outperformance from VIP’s equity holdings, a pleasing result given the ongoing conservatism factored into all of the portfolios VIP manages. VIP’s conservatism proved to be prudent as inflation once

Inflation moderated, and rate cut bets ramped up The December quarter saw US and Australian inflation continue to moderate, coming closer to the Feds and RBAs target range. The markets took this in their stride and started to price in multiple rate cuts in America for 2024 beginning as early

Inflation moderated, but it was volatile and uncertainty remains The September quarter saw US and Australian inflation continue to moderate, albeit with a fair degree of volatility. The quarter also saw the emergence of a broad view that rates were peaking. Supporting this view was the emergence of signs of