Portfolios keep pace in tough market

Co-founder of the Switzer Report
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With the market rallying by more than 4% in March, February seems almost a little like ancient history. More so because so much of what we saw last week was a reversal of what happened in February, with the banks and large caps back in favour as utilities, property trusts and industrials stood still.

Notwithstanding their bias towards major cap stocks, our portfolios largely kept pace with the broader market in February. And this is despite the large cap S&P/ASX 20 index losing 4.7% in the month compared to the broader market’s (S&P/ASX 200) loss of 1.8%. Year to date, our income portfolio has outperformed the index by 1.2%, while the growth portfolio has underperformed by 0.5%.

The purpose of these portfolios is to demonstrate an approach to portfolio construction. As the rule sets applied are of critical importance, we have also provided a quick recap on these.

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