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 +0.68% for the week with cash still sitting at 2%, although we will get a further inflow given the redemption of the CWNHB which implies the true cash position is ~6%. Pendal (PDL) was the top performer during the week up +5.48% – more on this below, while Service Stream (SSM) +3.13% and Wesfarmers (WES) +2.68% also did well, pleasingly these were the positions we added to last week. On the flipside, BHP slid -2.27% while Metcash (MTS) was off -1.18%. For a few weeks now we have contemplated our exposure to both Bunnings (via WES) and Mitre 10 + Home Timber & Hardware (via MTS) questioning whether or not we have too much in hardware – a topic we will cover shortly.
