2018 has been a disappointing year for investors with the market (as measured by the benchmark S&P/ASX 200) posting an overall loss after dividends of 2.84%. On a relative basis, our model income portfolio underperformed the index by 1.1%, while our growth-oriented portfolio matched the index.
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.
This is our final Report on 2018. Next week, we will publish our 2019 portfolios, which while based of the 2018 portfolios, will be re-balanced and incorporate some further changes.