(1) Source: Eugene F. Fama & Kenneth R. French. June 1992: “The Cross-Section of Expected Stock Returns”, available from https://doi.org/10.1111/j.1540-6261.1992.tb04398.x. February 1993: “Common risk factors in the returns on stocks and bonds”, available from https://doi.org/10.1016/0304-405X(93)90023-5.
(2) Source: Martin Currie Australia, MSCI, IRESS, Kenneth R. French Data Library; as of 31 October 2022. Returns are based on Fama/French Research Portfolios: Value data is based on the average return on the Fama/French small & big high book-to-market portfolios, and the growth data is based on the average return on the small & big low book-to-market portfolios. Monthly return series from July 1926 through October 2022. Available from: http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html#Research.
(3) For Australian data, as Kenneth R. French Data Library series ends in Dec 2021, the MSCI Australia Value/Growth and S&P/ASX All Ordinaries Accumulation indices are used to fill the gap to October 2022.
(4) Source: Martin Currie Australia, FactSet; as of 15 December 2022.
(5) Source: Martin Currie Australia, Morningstar Direct; as of 31 October 2022. Based on AUM of Morningstar Australia OE Funds & ETFs Australia Fund Equity category. Value: Australia Large Value & Mid/Small Value and World Large Value; and Growth: Australia Large Growth & Mid/Small Growth and World Large Growth.
(6) Source: Martin Currie Australia, FactSet; as of 15 December 2022.
IMPORTANT INFORMATION
The information provided should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the security transactions discussed here were, or will prove to be, profitable.
Past performance is not a guide to future returns.
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