Diversified Portfolios - InvestSMART International Equities - 30 June 2016
InvestSMART Diversified Portfolio International Equities June Performance Report
Global equity markets were down for the month of June, impacted by the news thatthe UK voted to leave the European Union. Not surprisingly, European equities werethe most severely impacted by the news (down 7%), while the broader market wasdown around 4%. This impacted the portfolio negatively over the month as theportfolio has a slight overweight position to Europe and the UK (see graph onfollowing page).
The overweight position is more as a consequence of the portfolio's underweight tothe US where we view US valuations as particularly expensive. Positively, the 10%allocation in emerging markets had a positive impact on the portfolio, mitigatingsome of the fall in European exposures.
The objective of this model portfolio is to provide investors with a high level ofexposure to the international equities share markets. The portfolio is invested acrossa range of ASX-listed ETFs aimed at achieving a diversified portfolio. The portfolio isexpected to display high levels of volatility and will have a high level of currency risk.
Growth of $10,000
PERFORMANCE SUMMARY TO 30 JUNE 2016
Source: Praemium, RBA. Returns are before expenses and fees. Returns are shown as annualisedif the period is over 1 year. * Since Inception (SI) date is 24 October 2014.
|PERFORMANCE TO 30 JUNE 2016||1 MONTH||3 MONTH||6 MONTH||1 YEAR||SI* (P.A.)|
|InvestSMART International Equities Portfolio||-4.54%||2.46%||-1.92%||-2.93%||9.40%|
|MSCI World ex Australia NR AUD Index||-3.83%||4.37%||-1.70%||0.40%||12.41%|
|Excess to Benchmark||-0.71%||-1.91%||-0.22%||-3.33%||-3.01%|
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