2025 August NorthStar Monthly Report
We are pleased to share our August 2025 report for the NorthStar Impact Australian Equities Fund. The portfolio returned 1.7% in August.
August is a key month for company earnings resulting in high levels of dispersion in terms of share price outcomes. However, muted outlook statements has meant that aggregate market revisions to FY26 earnings have been immaterial at an estimated -1%. The index continued to be strong through August with valuation multiple expansion for smaller stocks following interest rate cuts.
Read the full monthly report 2025-08 NorthStar Monthly Report