The Market Matters Active Income Portfolio provides an active approach to income producing equities, ETFs and listed Income Securities – Click here to view
The Income Portfolio was marginally lower during the week, down by -0.46% while cash remains at ~4%. When considering Magellan (MFG) resides in this portfolio and fell ~30%, it wasn’t a bad effort really – position sizing the key highlighting just how important it is when a stock goes wrong. On the flipside, our most recent (and unpopular) purchase in AGL Energy (AGL) added 4.42% while APA Group (APA) continued its run of form up by 4.15%. Metcash (MTS) traded ex-dividend yesterday. Overall, the portfolio had 15 positions out of 20 that gained during the week in a market that went backwards.
Our key thoughts on 3 positions held in this portfolio:
