Portfolios outperform as market adds 1.4% in July

Co-founder of the Switzer Super Report
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The Australian share market added 1.4% in July as it pushed towards 10-year highs. Most sectors made a positive contribution, with the two laggards this calendar year, financials and telecommunications, amongst the better performers in July.

Our model portfolios recorded gains of around 2% in July. Year-to-date, our model income portfolio, which is overweight financials and telecommunications, has underperformed the index by 3.5%, while our model growth portfolio has outperformed the index by 0.7%.

In our seventh review for the year, we look at how our income and growth portfolios performed in July. 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.

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