The InvestSMART International Equities Portfolio produced a return of 2.7% (after fees) during May, with positive returns across all ETFs.
International markets were once again buoyant, with the best performing ETF the Vanguard FTSE Europe Shares ETF, which returned 4.5%. The ETF benefited from a rise in European optimism, which led to a rise in European stocks and the euro, which was up 3.8% against the Australian dollar.
In the US, the iShares S&P 500 ETF edged higher, returning 1.6% for the month.
Since inception, the portfolio has returned 12.3% per annum (after fees).
|PERFORMANCE TO 31 MAY 2017||1 MONTH||3 MONTH||6 MONTH||1 YEAR||SI* (P.A.)|
|InvestSMART International Equities Portfolio||2.73%||8.04%||13.27%||12.56%||12.25%|
|MSCI World ex Australia NR AUD Index||2.75%||8.36%||12.14%||13.33%||14.89%|
|Excess to Benchmark||-0.02%||-0.32%||1.13%||-0.77%||-2.64%|
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