Global share markets fell in August on the back of recession fears and heighted US/China trade tensions. The Australian market followed the US market down, losing 3.1% in price terms and 2.4% after dividends are included. Our portfolios also eased by around 2.75%, but are enjoying strong year to date returns in excess of 15%.
In the eighth review for 2019, we look at how our model income and growth portfolios performed in August.
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.