GBI – Good Governance Fund June 2020 report

June was the third consecutive positive month for the US equity markets. The GBI – Good Governance Fund Class SA was up 3.98%, outperforming the S&P 500 TR index by 1.99%. With the fund now up 10.07% in the first 6 months of 2020, the accumulated outperformance since the beginning of the year stands at 13.15% and 17.74% since inception.
BY ISABELLE DJIAN

GBI – Good Governance Fund June 2020 monthly report

For the month, the fund benefited from an overweight exposure to Information Technology and Consumer Discretionary, both of which outperformed the market. It also profited from being underweight the Financials and Utilities sectors, which underperformed the market. The only two sectors to contribute negatively were an overweight exposure to Consumer Staples and Healthcare, both sectors performing poorly in June.

Out of the biggest companies in the index, there were several stocks held by the fund that performed strongly, namely Apple, Microsoft, Amazon, Netflix and Adobe. Some of the larger names that fell in June included Facebook, Google, and Walt Disney – Facebook and Walt Disney notably not held by the fund.

We would like to end off by announcing that the fund received a top quartile score from Impact Cubed this month, once again confirming our positive contribution to ESG themed investing and our growing recognition in this forward-looking market.

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