The Market Matters Active Income Portfolio provides an active approach to income-producing equities, ETFs and listed Income Securities – Click here to view
A tough week for the portfolio down 3.01%, and we are now fully invested having bought back into APA Group (APA) yesterday. Property stocks were the biggest drag on performance this week – Centuria Capital (CNI) down another 10.64% the worst of them while Pendal (PDL) -9.78% mirrored the weak equity market with the ASX 200 off -4.54%. Hybrids mostly edged higher which was a surprise given credit spreads widened, however, we suspect money targeted floating rate exposure as bond yields roared higher.
Income Portfolio Hitlist: Smart Group (SIQ), Ive Group (IGL), Rural Funds Group (RFF), Super Retail (SUL)
