With the virus curves starting to flatten, the Australian share market rebounded strongly in April to post a rise of 8.8%. Although the best monthly gain for some years, the market is still down more than 16% in 2020.
Our model portfolios (income and growth) also gained ground, although their returns were tempered by exposure to financial stocks. In our fourth review for the year, we look at how they performed in April.
The purpose of these portfolios is to demonstrate an approach to portfolio construction. As the rule sets applied are of critical importance, we provide a quick recap on these.