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 20171 MONTH3 MONTH6 MONTH1 YEARSI* (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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