Elstree Enhanced Income Fund January 2024 Performance Review and Market Commentary

The Elstree Enhanced Income Fund’s Net Asset Value (NAV) at the close of business on 31 January 2024 was $0.8506. This compares with the Fund’s ex-distribution NAV of a unit at the close of business on 31 December 2023 of $0.8475. The change in NAV over the period 1 January 2024 to the close of business on 31 January 2024 represents a return of 0.37%. This compares with the All Ordinaries Accumulation Index return of 1.07% and the All Maturities Bond Index return of 0.21%. Please note the “()” denotes negative return outcomes.

The Fund’s over the year net return (after fees but before adjusting for franking credits) increased to 4.83% from 4.69% previously.

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