InvestSMART

InvestSMART Portfolios Quarterly Update - September 2020

InvestSMART Capped Fee Portfolio quarterly updates for September.

By ·
14 Oct 2020

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

Quarterly Performance

  • The InvestSMART Conservative Portfolio rose slightly in the September quarter, up 1.28% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 2.2%.
  • The Conservative Portfolio outperformed peers in the third quarter of 2020 by 0.32%.

Click to read the full report here.

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InvestSMART Growth Portfolio

Quarterly Performance

  • The InvestSMART Growth Portfolio rose slightly in the September quarter, up 1.85% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 2.6%.
  • The Growth Portfolio outperformed peers in the third quarter of 2020 by 0.35%.

Click to read the full report here.

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InvestSMART High Growth Portfolio

Quarterly Performance

  • The InvestSMART High Growth Portfolio rose slightly in the September quarter, up 2.19% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 2.7%.
  • The High Growth Portfolio outperformed peers in the third quarter of 2020 by 0.45%.

Click to read the full report here.

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InvestSMART Balanced Portfolio

Quarterly Performance

  • The InvestSMART Balanced Portfolio rose slightly in the September quarter, up 1.48% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 2.42%.
  • The Balanced Portfolio outperformed peers in the third quarter of 2020 by 0.21%.

Click to read the full report here.

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InvestSMART Interest Income Portfolio

Quarterly Performance

  • The InvestSMART Interest Income Portfolio gained 0.84% in the September quarter (after fees).
  • Estimated yield on the portfolio is currently 2.8%.
  • No changes were made to the portfolio during the quarter.

Click to read the full report here.

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InvestSMART International Equities Portfolio

Quarterly Performance

  • The InvestSMART International Equities Portfolio performed solidly in the third quarter of 2020, up 3.83% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 2.2%.
  • The International Portfolio outperformed peers by 0.63% in the quarter.

Click to read the full report here.

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InvestSMART Diversified Property & Infrastructure Portfolio

Quarterly Performance

  • The InvestSMART Diversified Property & Infrastructure Portfolio added 0.71% in the September quarter (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 3.1%.
  • All facets of the portfolio declined in the quarter as COVID-19 restrictions shattered the normal operations of the property and infrastructure sector.

Click to read the full report here.

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InvestSMART Hybrid Income Portfolio - Commentary by Portfolio Manager Alastair Davidson

  • The InvestSMART Hybrid Income Portfolio total portfolio return was 0.94% for the month including franking credits. The estimated running yield is approximately 5.0%, and estimated yield to call/maturity is 4.75% including franking credits.
  • The total portfolio return was 2.10% and 0.82% for the quarter and 12-month periods respectively. Since inception the total portfolio return is 3.99% including franking credits, which is 0.21% under its return objective of the RBA Cash rate plus 3%.
  • There were no transactions in the portfolio during the month., and no new hybrid issues
  • The RBA maintained the cash rate at 0.25% at its October meeting, with the prices of cash futures predicting it to remain in a narrow range until the end of 2021.
  • Eight securities in the portfolio paid a distribution in September.
  • At 30 September the portfolio had a 3.63% allocation to cash.

Click to read the full report here.

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