With the banks making up a quarter of the All Ordinaries Index, it’s hard to keep up when they’re on a charge. So it was for the Intelligent Investor Equity Income Portfolio in the March quarter, which managed a gain of 2.5% compared to the 4.5% achieved by the All Ords.
We didn’t help ourselves, though, with a couple of ‘unforced errors’ with GBST and OFX Group, on which we lost 21% and 15% respectively. These were balanced by gains of 15% on Crown Resorts, 14% on Computershare and 12% on Woolworths.
|PERFORMANCE TO 30 APRIL 2017||1 MONTH||3 MONTH||6 MONTH||1 year||SI* (P.A.)|
|Intelligent Investor Equity Income Portfolio||1.82%||6.00%||8.83%||15.31%||14.94%|
|ASX All Ordinaries Accumulation Index||0.78%||6.13%||12.41%||16.65%||9.49%|
|Excess to Benchmark||1.04%||-0.13%||-3.58%||-1.34%||5.45%|
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