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. This month, we provide an update on our portfolio performance, as well as share our current thinking on the property market and economy.

Business & Portfolio Update: Chris Paton, Chief Investment Officer

The month of August saw the credit fund passing $9.6 billion in assets under management. Against a backdrop of ongoing volatility, our products defend your capital against volatility and provide income to meet your income or lifestyle requirements:

  • La Trobe Financial portfolio accounts provide significant diversification, with a broad range of asset selection.
  • Account tenor ranges from accounts with two business day access, right through to a four-year term, extracting an illiquidity premium for investors.
  • Investors can construct their own portfolios of assets using the flexibility of the Select Investment Account offering.

Economic Update: Michael Watson, Head of Distribution

Navigating the narrow path is the name of the game as economists ponder if we can move through this part of the economic cycle without anything going majorly wrong.

  • The RBA has now maintained a rates pause for three consecutive months.
  • The impacts of inflation are still being felt with some key discretionary spending numbers markedly down.
  • Strong mortgage performance and low unemployment continue to offset downside risks.

Property Market Update: Tanya Hoshek, National Distribution Manager

Supply of housing stock remains key to the property market remaining firm:

  • Population growth is moving ahead rapidly, with new Australians overwhelmingly settling in Sydney and Melbourne.
  • While new listings numbers have increased, properties are still being snapped up with total stock on market remaining low.
  • The number of distressed listings on the market in an environment of elevated interest rates, counterintuitively, has continued to fall through 2023.

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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