We are pleased to share our October 2025 report for the NorthStar Impact Australian Equities Fund. The portfolio returned +2.72% in October.
October marked a material escalation in global coordination to secure and diversify critical mineral and rare earth supply chains—an increasingly strategic focus area for governments. Healthcare was mixed with defensives finding some support later in the month as interest-rate sensitive stocks saw some risk-off due to higher-than-expected inflation. Electrification continues to be a strong thematic and AEMO (Australian Energy Market Operator) raised their forecast for electricity demand to now rise 35% over the next 5 years.
Read the full report NorthStar October 2025 Monthly Report