Diversified Portfolios - InvestSMART Property - 31 May 2017
InvestSMART Property Portfolio May Report
The InvestSMART Property Portfolio fell 1.3% (after fees) during May.
Westfield Corporation was the biggest detractor in the portfolio, falling 6.6% on concerns that sluggish bricks and mortar retail sales would translate to lower growth for Westfield.
The fall was partially offset by the Goodman Group, which returned 4.8% for the month. The Goodman Group is expected to be a key beneficiary of Amazon’s entry into Australia.
Since inception, the InvestSMART Property Portfolio has returned 8.7% per annum (after fees).
|PERFORMANCE TO 31 MAY 2017||1 MONTH||3 MONTH||6 MONTH||1 YEAR||SI* (P.A.)|
|InvestSMART Property Portfolio||-1.32%||1.54%||6.55%||0.25%||8.74%|
|S&P/ASX 300 A-REIT TR Index||-1.00%||2.25%||8.30%||2.30%||10.95%|
|Excess to Benchmark||-0.32%||-0.70%||-1.75%||-2.05%||-2.21%|
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