InvestSMART Portfolios Quarterly Update - June 2020
InvestSMART Capped Fee Portfolio quarterly updates for June
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- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
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- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
Here are the highlights from each of the portfolios. Further information and commentary can be found in the full reports linked.
Contents
InvestSMART Conservative Portfolio
Yearly Performance
- The InvestSMART Conservative Portfolio fell slightly in FY20, down 0.89% (after fees).
- No changes were made to the portfolio during the year.
- Estimated yield on the portfolio is currently 2.60%.
- The Conservative Portfolio slightly underperformed peers in FY20 by 0.27%.
Quarterly Performance
- The InvestSMART Conservative Portfolio rose strongly in the June quarter, up 4.22% (after fees).
- No changes were made to the portfolio during the quarter.
- Estimated yield on the portfolio is currently 2.60%.
- The Conservative Portfolio outperformed peers in the final quarter by 0.44%.
Click to read the full report here.
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InvestSMART Growth Portfolio
Yearly Performance
- The InvestSMART Growth Portfolio fell slightly in FY20, down 2.09% (after fees).
- No changes were made to the portfolio during the year.
- Estimated yield on the portfolio is currently 3.42%.
- The Growth Portfolio outperformed peers in FY20 by 1.04%.
Quarterly Performance
- The InvestSMART Growth Portfolio rose slightly in the June quarter, up 7.44% (after fees).
- No changes were made to the portfolio during the quarter.
- Estimated yield on the portfolio is currently 3.42%.
- The Growth Portfolio outperformed peers in the final quarter by 0.08%.
Click to read the full report here.
InvestSMART High Growth Portfolio
Yearly Performance
- The InvestSMART High Growth Portfolio fell slightly in FY20, down 2.86% (after fees).
- No changes were made to the portfolio during the year.
- Estimated yield on the portfolio is currently 3.42%.
- The High Growth Portfolio outperformed peers in FY20 by 1.44%.
Quarterly Performance
- The InvestSMART High Growth Portfolio rose strongly in the June quarter, up 9.30% (after fees).
- No changes were made to the portfolio during the quarter.
- Estimated yield on the portfolio is currently 3.42%.
- The High Growth Portfolio outperformed peers in the final quarter by 0.03%.
Click to read the full report here.
InvestSMART Balanced Portfolio
Yearly Performance
- The InvestSMART Balanced Portfolio fell slightly in FY20, down 1.33% (after fees).
- No changes were made to the portfolio during the year.
- Estimated yield on the portfolio is currently 3.05%.
- The Balanced Portfolio outperformed peers in FY20 by 0.41%.
Quarterly Performance
- The InvestSMART Balanced Portfolio rose strongly in the June quarter, up 5.89% (after fees).
- No changes were made to the portfolio during the quarter.
- Estimated yield on the portfolio is currently 3.05%.
- The Balanced Portfolio underperformed peers in the final quarter by 0.08%.
Click to read the full report here.
InvestSMART Interest Income Portfolio
Yearly Performance
- The InvestSMART Interest Income Portfolio rose solidly in FY20, up 2.47% (after fees).
- There were several changes to the portfolio in the third quarter of the Financial Year.
- Estimated yield on the portfolio is currently 2.07%.
- Since inception the Interest Income Portfolio has returned 3.27% per annum.
Quarterly Performance
- The InvestSMART Interest Income Portfolio rose slightly in the June quarter, up 0.77% (after fees).
- No changes were made to the portfolio during the quarter.
- Estimated yield on the portfolio is currently 2.07%.
Click to read the full report here.
InvestSMART International Equities Portfolio
Yearly Performance
- The InvestSMART International Equities Portfolio rose 4.22% in FY20 (after fees).
- No changes were made to the portfolio during the year.
- Estimated yield on the portfolio is currently 2.45%.
- The International Portfolio outperformed peers in FY20 by 1.83%.
Quarterly Performance
- The InvestSMART International Equities Portfolio rose slightly in the June quarter, up 5.34% (after fees).
- No changes were made to the portfolio during the quarter.
- Estimated yield on the portfolio is currently 2.45%.
- The International Portfolio outperformed peers by 0.03% in the quarter.
Click to read the full report here.
InvestSMART Diversified Property & Infrastructure Portfolio
Yearly Performance
- The InvestSMART Diversified Property & Infrastructure Portfolio fell 13.40% (after fees), as COVID lockdowns bit into normal operations.
- No changes were made to the portfolio during the year.
- Estimated yield on the portfolio is currently 4.90%.
- The Property and Infrastructure Portfolio outperformed peers in FY20 by a massive 7.37%.
Quarterly Performance
- The InvestSMART Property and Infrastructure Portfolio rose strongly in the June quarter, up 8.49% (after fees).
- No changes were made to the portfolio during the quarter.
- Estimated yield on the portfolio is currently 4.90%.
Click to read the full report here.
InvestSMART Hybrid Income Portfolio - Commentary by Portfolio Manager Alastair Davidson
- The InvestSMART Hybrid Income Portfolio total portfolio return was 1.51% for the month including franking credits. The estimated running yield is over 5.0%, and estimated yield to call/maturity is 6.00% including franking credits.
- The total portfolio return was 6.57% and -0.28% for the quarter and 12-month periods respectively. Since inception the total portfolio return is 3.59% including franking credits, which is -0.69% under its return objective of the RBA Cash rate plus 3%.
- A large part of the return for June was the result of a distribution from the liquidator of AXLHA (approximately 1%)
- The trading prices of ASX-listed hybrids increased slightly during June.
- The RBA maintained the cash rate at 0.25%, with no expectation of negative rates at this stage, though higher levels of uncertainty.
- There were 4 securities in the portfolio trading ex-distribution with payments expected in July.
- At end of May the portfolio had a 5.52% allocation to cash.
