Diversified Portfolios - InvestSMART International Equities Portfolio - 31 October 2016
InvestSMART International Equities October Performance
Global equity markets were down around -1.4% for the month of October. At a regional level emerging markets and Japan posted positive returns of 0.8% and 1.9% respectively, while Europe and the US posted negative returns of -2.7 and -1.3% returns respectively. The portfolios remain underweight the US and and continue to have a minor overweight to Europe and sizeable allocation to Emerging markets (which are absent from the benchmark).
The portolio returned -0.7% over the month of October versus the benchmark return of -1.4%. Since inception the portfolio lags the benchmark return by around 2.3%, this was predominately due to the portfolio being underweight the US which performed well over that period and the exposure to emerging markets which experienced some volatility over the latter half of last year. Since the start of this year, the relative performance of the US and emerging markets has reversed.
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
Source: Praemium, RBA. Returns are after fees and before expenses. Returns are shown as annualisedif the period is over 1 year. * Since Inception (SI) date is 24 October 2014.
|PERFORMANCE TO 31 OCTOBER 2016||1 MONTH||3 MONTH||6 MONTH||1 YEAR||SI* (P.A.)|
|InvestSMART International Equities Portfolio||-0.65%||-1.60%||2.93%||-5.64%||8.30%|
|MSCI World ex Australia NR AUD Index||-1.38%||-1.42%||2.52%||-5.40%||10.54%|
|Excess to Benchmark||-0.72%||-0.18%||0.41%||-0.24%||-2.25%|
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