Reporting season sees portfolios finish flat

Co-founder of the Switzer Report
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Buoyed by a resilient reporting season, the Australian sharemarket withstood the wobbles on Wall Street and was one of the very few global equity markets to finish in the black in February. Adding back dividends, the S&P/ASX 200 posted a return of 0.4% in February to be flat overall for 2018.

Our model portfolios finished marginally weaker. The income portfolio now lags the index by 0.5%, while the growth portfolio has outperformed it by 0.7%.

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