Diversified Portfolios - Intelligent Investor Growth - 31 May 2017
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 2017||1 MONTH||3 MONTH||6 MONTH||1 year||SI* (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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