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 was up +3.36% during the week with cash still sitting around 1%. We made a few changes to the portfolio this week, exiting SRG Global (SRG) & Shaver Shop (SSG) while adding to a number of existing positions that we believe are oversold.
January was a tough month for the portfolio down ~10% which was a disappointing outcome even against the backdrop of the Small Ordinaries down by -9% versus the larger caps which fell by -6.35%. While the selling was more intense than we had predicted, we conducted a review of all positions within the portfolio, tweaked a number that we have higher conviction on and we are confident in the underlying positions we own. We think the portfolio is ideally positioned to take advantage of a recovery, the initial signs of which was obvious with the past weeks strong performance
