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 up +0.57% during the week, outpacing the market which fell – cash sits at 1%. Service Stream (SSM) was solid up by +4.52% while Smart Group (SIQ) +4.5% also recovered from recent weakness. Commodities fell and that dragged BHP -6.35% lower to be the weakest portfolio holding, followed by our nemesis Magellan (MFG) which lost -3.10%, a position we address today. Overall though, 85% of the portfolio edged higher over the course of the week – a solid outcome in a soft market.
