Skip to Content
scroll

Active Income Portfolio

The Market Matters Active Income Portfolio provides an active approach to income producing equities, ETFs and listed Income Securities – Click here to view

The portfolio added  +0.61% for the week with cash at 2%.  There were some strong moves at the stock level over the 5 trading sessions with Magellan (MFG) up +12.20% and Service Stream (SSM) put on +7.51%. We often get questions about SSM and our view on the stock, ultimately we like it and if we didn’t own it we’d be buying it. We’ve considered up weighting and that could be relevant for some however for the more conservative mandate of this portfolio, we’ll sit on our hands and hold what we have.

Yesterday, we made a change to this portfolio, selling AGL Energy (AGL) and booking a ~60% profit on the position, switching the funds into Wesfarmers (WES) which has fallen from ~$65 down to sub $50 as retail factored in the impost of higher interest rates and Bunnings stalled. Today we’ll look at why we sold AGL when there is corporate appeal bubbling away.

Back to top