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 fell during the week down by 2.07% with cash remaining at 4% following the recent purchase of AGL Energy (AGL) and a Westpac Hybrid (WBCPK). The main detractors were Centuria Capital (CNI) -8.70% & Pendal (PDL) which fell -6.30%, while the Hybrid securities traded up, the ANZPI the best of them adding +0.90%, with the rise in prices pulling down expected yields slightly. The 2-year swap rate is currently at 3.77% implying a ~6.7% yield grossed for franking on shorter-dated 2-year notes.
Income Portfolio Hitlist: APA Group (APA), Ive Group (IGL), Rural Funds Group (RFF), Super Retail (SUL)
