A surge in CSL sends our growth portfolio higher

Co-founder of the Switzer Report
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October will go down as “CSL month” because a 9.6% rise in CSL’s share price made it Australia’s second biggest stock by market capitalisation and worked to temper overall losses for the share market to just 0.4%. The growth portfolio was a huge beneficiary, adding 1% in the month, while our income portfolio, which doesn’t hold CSL, slipped by 0.7%.

In the tenth review for 2019, we look at how our model income and growth portfolios performed in October.

The purpose of these portfolios is to demonstrate an approach to equity portfolio construction. As the rule sets applied are of critical importance, we provide a quick recap on these. Also, it is important to note that these portfolios are designed as “long only”. They don’t allocate to “cash” and don’t represent a view about the outright direction of the market.

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