2024 December NorthStar Monthly Report
We are pleased to share our December 2024 report for the NorthStar Impact Australian Equities Fund. The Fund returned +0.9% for the month, bringing the one-year return to 19.2%, compared to 12.1% return for the ASX/S&P Small Industrials Index. Top contributors to performance included Mesoblast, The Environmental Group, Botanix, AI Media, and Imricor. The market ended slightly down, with pockets of strong performance from catalytic driven bottom-up events, including positive announcements from a few of our healthcare holdings. Earnings revisions were a key driver for share price movements in 2024 and we expect this to continue into 2025.
Read the full monthly report here.