Latest Investment Portfolio News

Metrics Real Estate Multi-Strategy Fund has released audited FY26 accounts with an unqualified KPMG opinion, reporting $28.2 million in profit after tax and 10.48 cents per unit in distributions. The accounts also expose a $10 million interest-free related-party loan and a temporary halt to applications and redemptions in underlying funds.

Morningstar International Shares Active ETF reported a $53.035 million profit for the year ended 30 June 2026, supported by a large trust distribution despite a loss on fair value movements. Distributions rose to 196.258 cents per unit as net assets expanded to $326.395 million.

Ragnar Metals has identified at least five interpreted mineralised shoots at its Harnäs gold project in Sweden, but the exploration-led company ended FY2026 with only $233,220 in cash. The annual report also restates FY2025 after previously omitted Kaiser Reef options were recognised at $779,288.

Quay Global’s unhedged real estate fund swung from a $66.1 million operating profit to a $22.9 million loss in 2026, while its AUD hedged counterpart posted a $23.0 million profit. Both funds also recorded substantial redemptions after launching Active ETF classes.

Ellerston Asia Growth Fund Complex ETF (ASX: EAFZ) returned 38.4% after fees for the year ended 30 June 2026, beating its Asian equities benchmark by 2.6 percentage points. Profit more than doubled to $12.49 million, although the result was driven chiefly by investment revaluations and came alongside continued net redemptions.

NewPeak Metals reported a $4.36 million FY2026 profit, but the result was driven mainly by fair-value gains and investment disposals rather than mining revenue. The auditor has flagged a material uncertainty over going concern even after the explorer secured a post-year-end $3.5 million placement.

Macquarie Subordinated Debt Fund (ASX:MQS) reported a sharp increase in operating profit and assets for the year ended 30 June 2026, powered by the expansion of its active ETF class. The audited accounts also show the fund’s returns remain closely exposed to interest rates, credit spreads and debt-market valuations.

Walter Scott Global Equity Fund’s operating profit fell to A$4.1 million in 2026 from A$349.5 million, while net assets dropped by about A$1.1 billion. The audited report points to weaker investment gains and substantial redemptions, although the fund remained fully invested in quoted equities and received an unmodified audit opinion.

Macquarie Core Global Equity Fund (ASX:MQE) reported a sharp rise in FY2026 operating profit as net assets more than tripled and the portfolio expanded. The result reflects both substantial new applications and investment gains, rather than investment performance alone.

Benjamin Hornigold Limited (ASX:BHD) delivered a 9.93% portfolio return in FY2026 but still posted a $420,931 loss after $565,697 in legal fees. Two settlements worth $2.6 million were received after year-end, while an $8.97 million judgment against JB Markets was assigned no value.

Ten Cap Alpha Plus Fund swung to a $53.5 million operating loss in FY2026 as every unit class lagged the S&P/ASX 200 benchmark. Net assets fell to $1.38 billion, while its new TCAP active ETF completed its first partial year on the ASX.

ASF Group strengthened its balance sheet in FY2026 by selling non-core investments and subsidiaries, lifting cash to A$5.19 million and eliminating borrowings. Profit attributable to shareholders fell sharply as the prior year benefited from a one-off gain, leaving the investment group reliant on future portfolio realisations and development projects.