The Alpha Plus Fund delivered a net return of +0.49% in October 2025, outperforming the S&P/ASX 200 benchmark, which posted a modest gain of +0.39%. The ASX 200 experienced a volatile month, rallying to a new all-time high of 9,095 before retreating in the final week. This reversal was triggered by a stronger-than-expected CPI print, reigniting concerns over inflation and driving a more hawkish RBA, which held the cash rate steady at 3.6% in its November meeting and signalled a shift back to neutral.
