Australian Unity Pro-D Investment Funds – Monthly Fund Updates for May 2026
Share markets rose in May as the US and Iran extended their ceasefire agreement by a further 60 days. The dual Strait of Hormuz blockades remain in place while the two nations grapple to forge a lasting peace agreement.
While Brent crude oil prices declined to around USD $90 per barrel by month end, a report from released by the International Energy Agency (IEA) stated that cumulative crude oil supply losses from Gulf producers exceeds 1 billion barrels since the conflict began.
US President Trump travelled to Beijing for a summit with Chinese President Xi Jinping, announcing additional Chinese purchases of US agricultural goods and 200 Boeing aircraft amid other trade-related commitments. US business activity growth increased at a modest rate, as manufacturing performance improvements were offset by data pointing to a sluggish service sector. In Australia the RBA raised the cash rate by 25bp to 4.35% citing inflation concerns, higher fuel and commodity prices, and the risk that these pressures broaden into more persistent domestic inflation. Later in the month, April CPI eased somewhat to 4.2% year over year while underlying (trimmed mean) inflation remained sticky at 3.4%. In the US, the Federal Reserve kept rates on hold, the April US annual inflation print rose to 3.8% and May Nonfarm Payrolls surprised to the upside with 172k jobs added against the 85k expected, this labour market resilience triggered Treasury yields to rise sharply, while in Europe, the April inflation print increased to 3.0%.
Below are the links to the Fund Updates for the Pro-D Funds as at 31st May 2026
Further information
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