The Market Matters International Equities Portfolio is a high conviction direct international equities portfolio that targets well-known global brands – Click here to view
The MM International Equities Portfolio fell during the week (-1.71%) however the cushion provided by the weak Australian Dollar was significant (+3.77%) which speaks to why diversified portfolios that include unhedged international equities are worth considering. (We are on track to launch this portfolio via Market Matters Invest by year-end). We bought Walt Disney (DIS US) overnight reducing cash down to 4%. Barrick Gold (GOLD US) +4.63% & Microsoft (MSFT US) +2.02% were the strongest performers while Tesco (TSCO LN) in the UK fell by 5.37%, the weak GBP accounting for nearly 2% of the loss with the same negative influence obvious in our Glencore (GLEN LN) position.
International Equities Portfolio Hitlist: Blackstone (BX US), Berkshire Hathaway (BRK/B US) & Lululemon (LULU US)
