The Australian sharemarket made further gains in the month of November, led by small and mid-cap stocks. Year-to-date, the overall market return (with dividends included) is 9.8%.
Our model portfolios, which have a preponderance of major cap (top 20) stocks, enjoyed positive returns during the month. Both largely matched the performance of the benchmark S&P/ASX 200 index. This left the gap to the performance of the benchmark for the growth portfolio of 0.75% and for the income portfolio of 3.55%.
This is our eleventh monthly portfolio review.