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 added +2.18% over the course of the week while cash sits at ~4%. Strong gains from BHP (+9.39%) & Insignia Financial (IFL) +8.08% provided support while Magellan (MFG) was the weakest link down -9.51% following the reshuffle in the ranks. Since inception, this portfolio has delivered an annual return of 8.19%, beating its targeted return objective and delivering on its intention for high income with lower volatility. The weakest two positions by some margin in the portfolio since inception are currently held, namely Magellan (MFG) and Service Stream (SSM), both down ~50% – today we’ll address Service Stream (SSM) which is languishing at 76.5c.
