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Emerging Companies Portfolio

The Market Matters Emerging Companies Portfolio targets small & mid capitalisation emerging stocks (ex-100) that show strong underlying growth characteristics – Click here to view

A soft week for the portfolio down -7.87% while cash is sitting around 4%. Performance was weighed on by further broad-based weakness in small caps – the small-cap index down by a similar magnitude. Aussie Broadband (ABB) was the standout, managing a 2.02% gain while Calix (CXL) was the weakest in the portfolio falling 17.33%. Selling has been savage in the small end of the market and performance has weighed as a result. We take stock of the underlying positions in the portfolio each week and while the current performance is uncomfortable,  we remain positive on the positions held, just not the prices! For now, many stocks have capitulated on the downside so we will remain patient, however important to note that we will look to tweak the portfolio into any prevailing strength, particularly given the skew towards payment providers and our underweight towards resources.

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