Portfolio returns up despite Westpac woes

Co-founder of the Switzer Report
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Despite Westpac’s woes, the Australian share market followed the lead of Wall Street and tested record highs in November. Healthcare continued to be the sector setting the pace. Our model portfolios, which hold the majority of their exposure to the financial sector through the major banks, were hit by the Westpac scandal but still managed to post solid gains for the month.

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

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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