The Market Matters Emerging Companies Portfolio targets small & mid capitalisation emerging stocks (ex-100) that show strong underlying growth characteristics – Click here to view
The portfolio had a poor week down by -4.55% while cash sits at ~5% following some recent portfolio changes. As we consistently suggest, expect more volatility in this part of the market and that was certainly the case this week. Three positions lagged, namely Dubber (DUB) which fell -14.2%, Nitro (NTO) which lost -12.41% and Zip Co (Z1P) which declined by -11.43% – a painful trifecta. On the flipside, Capital Health (CAJ) was the only real performer adding +5.8% – a tough week indeed. This is the newest portfolio in the MM stable commencing in January of 2020, just a few months before the Covid meltdown where the portfolio lost a quick 35%. Irrespective of that tough start, it has still managed an annual performance since inception of +24.85% showing that volatility if played right = opportunity, a line that is used way too much in investment markets!
So, where does MM see the most opportunity in the Emerging Companies Portfolio right now?
