The Alpha Plus ETF returned +0.50% in June, slightly underperforming the S&P/ASX200 which gained +0.67%. However, it was a strong quarter for the fund which rose 4.54%, outperforming the ASX200 by 49bps. June saw a rotation towards beaten up defensive stocks as investors flip-flopped between risk-on and risk-off tilts over the month. This pattern was a repeat of earlier months where investors have had little conviction in what will lead performance.
