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 was down -1.39% for the week with cash at 1%. Magellan (MFG) fell ~10% although position size is small, BHP was off -6.93% and Insignia (IFL) declined by -5.21%, a stock that we are now likely to exit. On the flip side, our targeted pullback in bond yields (rise in bond prices) has started to play out with our Government Bond (GSBG25) +1.43% for the week while the Betashares Australian Composite Bond ETF (OZBD) added +1.31%. The Metrics Master Income Trust (MXT) that we covered recently here recovered to be trading back near $2.
