Portfolio Update | June 2017
Large-cap Australian equities
The S&P/ASX 300 Accumulation Index finished the financial year up 13.8%, although the market lost ground in the June quarter, falling 1.6%. Strength in Industrials and Health Care was not enough to offset weakness in other sectors, principally Financials and Telecommunications during the quarter.
Key contributors during the quarter were Aristocrat Leisure and Boral. Both added value with Aristocrat gaining a further 25% and Boral 19%, as investors continued to focus on its recent Headwaters acquisition in the US.
Over the financial year, our Australian Shares and High Yield Australian Shares portfolios delivered investors solid returns with both exceeding the S&P/ASX 300 Accumulation Index by over 5%. Over three and five years, both portfolios returned 4% per annum above the index.
Small-cap Australian equities
In what was a volatile year for the small-cap market, the S&P/ASX Small Ordinaries Accumulation Index finished the financial year up 7.0% with our Smaller Companies portfolio well ahead, returning 15.2%. Stock selection within Health Care and Materials added value in the June quarter with the portfolio adding 1.1%, against a fall for the index of 0.4%.
View the June 2017 reports