After a rough March quarter, things settled down for the Intelligent Investor Growth Portfolio in April, with a return of 1.1% (after costs) for the month, compared to 0.8% for the All Ordinaries Index.
TPG Telecom was April’s worst performer, losing 14% after announcing a rights issue and plans to build a mobile phone network. We’re taking up our entitlement and will be on the lookout for further opportunities to build our stake.
|PERFORMANCE TO 30 APRIL 2017||1 MONTH||3 MONTH||6 MONTH||1 year||SI* (P.A.)|
|Intelligent Investor Growth Portfolio||1.12%||3.59%||4.61%||10.05%||10.05%|
|ASX All Ordinaries Accumulation Index||0.78%||6.13%||12.41%||12.41%||16.65%|
|Excess to Benchmark||0.34%||-2.54%||-7.80%||-7.80%||-6.60%|
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