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 down -7.03% in the week, against the small ords index which fell -3.5%. Cash remains at around 4% with no changes to the portfolio. The weakness was mainly driven by Calix (CXL) which gave back some of its strong performance over recent months to fall -12.33%, while our overweight position in Aussie Broadband (ABB) also weighed with the stock falling -11.72%. Audinate (AD8) rallied +7.84% after a strong revenue guidance update and Nitro (NTO) found some buying to rally +3.73% in the week.
