The Market Matters International Equities Portfolio is a high-conviction direct international equities portfolio that targets well-known global brands – Click here to view
A softer week for the International Portfolio down -1.47%, though the weakness in the AUD helped, highlighting why we typically prefer unhedged overseas exposure (it provides a cushion during weaker periods). Novo Nordisk (ADR: NVO) +11.3%, Chubb (NYSE:CB) +3.2% and Cameco (NYSE: CCJ) +3.2% led the line, offset by weakness in Barrick (NYSE: B) -8.7%, Freeport McMoRan (NYSE: FCX) -6.1% and JD.com (ADR: JD) -5.9%.
- We added HCA Healthcare (NYSE:HCA) to the portfolio, taking cash down to ~8%.
International Equities Portfolio Hitlist: Brunswick (BC US), Caterpillar (CAT US), Nike (NKE US) & Salesforce (CRM US)
