What was the performance of Bell Global Equities Fund in March?

The Bell Global Equities Fund (Wholesale class) declined 3.1% in March, while the MSCI World ex Australia Index fell 2.5%.

Did the sale of Nike affect the fund's performance?

The fund did not mention a direct impact, but the decision aims to improve relative performance by reallocating to more resilient sectors.

Bell Global Equities Fund Sells Nike (NKE) Amid Recovery and Inflation Pressures

Bell Global Equities Fund, managed by Bell Asset Management, announced the sale of Nike (NKE) shares in its latest investor update, citing recovery challenges and inflation pressures. The move comes amid a 2.5% decline in global markets in March.

June 8, 2026

2 min read

Source: Insider Monkey

Key Numbers

MSCI World ex Australia Index return

-2.5%

Bell Global Equities Fund return

-3.1%

Bell Global Equities Fund, managed by Bell Asset Management, announced the sale of its stake in Nike (NKE) in its latest investor update. The decision was driven by ongoing recovery challenges and persistent inflation pressures.

Details of the Decision

The fund did not disclose the size of the sold stake or the sale price, but indicated that the exit from Nike is part of a portfolio rebalancing to navigate market volatility. March saw heightened volatility due to the Middle East conflict, with the MSCI World ex Australia Index falling 2.5% and the Bell Global Equities Fund (Wholesale class) declining 3.1%.

Context

The portfolio's underweight in Energy was the primary headwind to relative performance, prompting management to reallocate funds from stocks like Nike toward more resilient sectors.

What This Means for Investors

The sale of Nike suggests that fund managers see ongoing risks in the consumer cyclical sector, especially with continued inflation and economic uncertainty. This could signal cautious expectations for consumer spending.

Frequently Asked Questions

The fund sold Nike shares due to the company's recovery challenges and persistent inflation pressures, as part of portfolio rebalancing.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.