Diversified Portfolios - Intelligent Investor Growth - 31 May 2017

Intelligent Investor Growth Portfolio May Report

For most of this financial year, the Intelligent Investor Growth Portfolio has been struggling to keep up with the surging banking sector. But there was a sharp turnaround in May, with the big four banks giving up a whopping 12%, on average, due in large part to the Government’s plan to impose a levy amounting to around 4% of their net profit.

Our Growth Portfolio doesn’t hold any of the big four banks, so it avoided this downdraught and managed to post a gain of 1.0% for the month.

The best performers for the month were Ainsworth Game Technology (up 19%), Flight Centre (up 14%) and Fleetwood (up 9%). The worst performers were Nanosonics (down 11%) and GBST Holdings (down 8%).

PERFORMANCE TO 31 May 20171 MONTH3 MONTH6 MONTH1 yearSI* (P.A.)
Intelligent Investor Growth Portfolio 0.98% 6.53% 4.66% 7.11% 12.41%
ASX All Ordinaries Accumulation Index -2.58% 1.28% 6.88% 10.23% 7.58%
Excess to Benchmark 3.56% 5.25% -2.22% -3.12% 4.83%

 

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