Low-cost ETF Portfolio Updates - May 2019
InvestSMART Diversified Income Portfolio
- Added 0.41% after fees in May as domestic equities outweighed the decline from international equities
- Domestic equities attributed 0.22%, fixed interest 0.35% and domestic property 0.2%
- Only Australian Property (VAP) didn’t not attributed performance to the portfolio in the month of April
InvestSMART Balanced Portfolio
- Added 0.01% after fees in May as domestic equities scrapped out a positive read despite the decline from international equities
- Domestic equities attributed 0.36%, fixed interest 0.34% and domestic property 0.09%
- Only International Equities (VGS) didn’t attribute performance to the portfolio in the month of May subtracting 0.81% from performance
InvestSMART Core Growth Portfolio
- Declined 0.39% after fees in May as the decline from international equities outweighed the gains made domestically
- Domestic equities attributed 0.45%, fixed interest 0.18% and domestic property 0.09%
- Only International Equities (VGS) didn’t attribute performance to the portfolio in the month of May subtracting 1.13% from performance
InvestSMART High Growth Portfolio
- Declined 0.98% after fees in May as the decline from international equities outweighed the gains made domestically
- Domestic equities attributed 0.61%, fixed interest 0.03% and domestic property 0.08%
- Only International Equities (VGS) didn’t attribute performance to the portfolio in the month of May subtracting 1.61% from performance
InvestSMART International Equities Portfolio
- Declined 3.88% after fees in May cutting into the rolling three-month performance however since inception the portfolio is still averaging 10.22% p.a.
- The S&P 500 (IVV) subtracted 1.39%, the global index (VGS) subtracted 1.48% while Asia subtracted 0.49%
- May has seen all international equities return to black
InvestSMART Interest Income Portfolio
- Added 1.23% after fees in May as bond markets domestically and globally saw large capital inflows
- Domestic treasuries added 0.45% and international treasuries 0.69%
- The capital appreciation in the portfolio is suppressing yield which fell to 2.09%
InvestSMART Property & Infrastructure Portfolio
- Added 0.99% after fees in May as the Federal Election caused a pop in property listings
- Domestic property attributed 0.53% international property 0.24%
- AGL and SYD detracted from performance in May on stock specific issues.
Frequently Asked Questions about this Article…
The InvestSMART Diversified Income Portfolio added 0.41% after fees in May, with domestic equities contributing positively despite a decline in international equities.
The InvestSMART Balanced Portfolio added 0.01% after fees in May, with domestic equities managing a slight positive impact despite international equities subtracting from the performance.
The InvestSMART Core Growth Portfolio declined by 0.39% after fees in May due to the negative impact of international equities, which outweighed the gains from domestic equities.
The InvestSMART High Growth Portfolio declined by 0.98% after fees in May, primarily due to the significant negative impact of international equities, despite gains in domestic equities.
The InvestSMART International Equities Portfolio declined by 3.88% after fees in May, with the S&P 500, global index, and Asia all contributing to the negative performance.
The InvestSMART Interest Income Portfolio added 1.23% after fees in May, benefiting from large capital inflows into bond markets both domestically and globally.
The InvestSMART Property & Infrastructure Portfolio added 0.99% after fees in May, with domestic property seeing a boost due to increased property listings following the Federal Election.
International equities had a negative impact on several InvestSMART portfolios in May, particularly affecting the Core Growth and High Growth Portfolios, as well as the International Equities Portfolio.
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