Kennox has had an improved time over the last three years

September 2024

Kennox has had an improved time over the last three years. Over this period the Fund is a touch ahead of global markets, up 35% and 32% respectively, but without having owned any of the oh-so-fashionable Magnificent 7 stocks (or anything like them).

In our quarterly commentary (here), we consider this performance in the context of three top performing stocks for Kennox in the period – the three “S”s: Stella International, Shell and Singtel – noting how different these are from each other and from the wider market. We also assess a few potential pitfalls that investors would do well to avoid, especially important when faced with the uncertainty that war and inflation have brought.

We are also pleased to attach the latest fund factsheet.