June 2023 – Each month, La Trobe Financial produces a series of short videos. Watch now to stay up to date with our business, our portfolios and what we are seeing in the economy.

Business & Portfolio Update: Chris Paton, Chief Investment Officer

With market interest rates increasing, portfolio incomes are also sustainably increasing to deliver low-volatility income:

  • Credit Fund portfolios continue to see sustained uplifts in income.
  • From 1 July 2023, each of our portfolio accounts will deliver increased distribution rates.
  • We will soon begin contacting investors regarding proposed changes to our Credit Fund Constitution.

Economic Update: Michael Watson, Head of Distribution

Although we are in the middle of winter, economic commentary is definitely heating up:

  • The pace of the return of inflation towards its target range remains the central concern of the Reserve Bank of Australia (RBA).
  • Continued increases to the Official Cash Rate sees consumer confidence at its lowest ebb since the 1990s recession.
  • With strong employment numbers, the RBA will be doing plenty of tacks and gybes to maintain it’s ‘even keel’.

Property Market Update: Lilian Chin, Director of Client Partnerships

While property prices again increased in May, the growth was not a month in isolation, even against a backdrop of falling sentiment:

  • Prices are rising, even though the perception of now being a good time to buy is low.
  • There continues to be less new stock entering the market, with no signs of panic or distressed selling.
  • Despite this, calling the bottom of the market still feels premature.

La Trobe Financial Asset Management Limited ACN 007 332 363 Australian Financial Services Licence 222213 Australian Credit Licence 222213 is the responsible entity of the La Trobe Australian Credit Fund ARSN 088 178 321. It is important for you to consider the Product Disclosure Statement for the Credit Fund in deciding whether to invest, or to continue to invest, in the Credit Fund. You can read the PDS and the Target Market Determinations on our website or ask for a copy by calling us on 13 80 10.

La Trobe Financial Services Pty Limited ACN 006 479 527 Australian Credit Licence 392385.

To the extent that any statement in this article constitutes financial product advice, that advice is general advice only and has been prepared without considering your objectives, financial situation or needs. You should, before deciding to acquire or to continue to hold an interest in the La Trobe Australian Credit Fund, consider the appropriateness of the advice having regard to your objectives, financial situation or needs and obtain and consider the Product Disclosure Statement for the Fund.

© 2023 La Trobe Financial Services Pty Limited. All rights reserved. No portion of this may be reproduced, copied, or in any way reused without written permission from La Trobe Financial.

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