The Switzer Report has two model portfolios designed by Paul Rickard - one for income and one for growth.
On the back of a post-election bounce and growing expectations of an interest rate cut, the Australian share market recorded a gain of 1.71% in May. This stood out from other global markets, with the lead US market falling by 6.35% (S&P 500). Our model portfolios tracked the market higher, recording gains for the fifth consecutive month.
We have made some changes to our growth portfolio, which are outlined below.