The InvestSMART International Portfolio produced a return of 4.0% (after fees) during April, with strong returns across all ETFs.
International equity markets were buoyant, with the S&P 500 up 0.9% for the month. Information Technology was once again the best performing sector with Alphabet and Amazon both reaching record highs. World markets (ex-US) also posted strong gains with the MSCI World ex-USA index up 1.3% for the month.
Returns were enhanced by a fall in the AUD, which dropped 1.8% against the US dollar.
The Eurozone received positive news, with centrist Emmanuel Macron winning the French Election in a landslide. However, global markets remain cautious with rising geopolitical tensions on the Korean peninsula.Since inception, the portfolio has returned 11.5% per annum (after fees).
|PERFORMANCE TO 30 APRIL 2017||1 MONTH||3 MONTH||6 MONTH||1 YEAR||SI* (P.A.)|
|InvestSMART International Equities Portfolio||4.04%||6.74%||12.76%||15.81%||11.48%|
|MSCI World ex Australia NR AUD Index||3.58%||6.99%||14.05%||16.93%||14.19%|
|Excess to Benchmark||0.46%||-0.25%||-1.13%||-1.13%||-2.71%|
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