July 25, 2020
The past 12 months have been dramatic.
While global stocks finished the year slightly higher, it was punctuated by good equity markets up until January, a significant global equities drawdown caused by the coronavirus and then a V-shaped recovery in the final quarter of financial year 2020.
In the end, the Munro Global Growth Fund recorded a 23.6% return for the year. Importantly, nearly a third, +7.8%, of the return came from our ability to short sell and hedge the portfolio through difficult periods. In addition, long equities performed strongly, adding +14.2%, and the Fund benefited with +1.6% of currency gains.
The following video is a Q&A with Nick Griffin, answering the most frequently asked questions about Munro Partners, the Munro Global Growth Fund, our current short- and long-term views on COVID, and the positioning of our Funds.
Past performance is not a reliable indicator of future performance.