Diversified Portfolios - Intelligent Investor Growth - 30 April 2017

Intelligent Investor Growth Portfolio April Report

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.

The best performer was Flight Centre, which gained 9% as investors began to bet that airfare price deflation has begun to moderate. April’s other top performer, Seek, gained 7%.

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 20171 MONTH3 MONTH6 MONTH1 yearSI* (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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