The flagship Market Matters Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view
A softer week for the Flagship Growth Portfolio down by -1.53% against a market which fell by -0.6% – cash now sits at 13%.
This portfolio is up ~30% financial year to-date as some sector rotation has helped add solid value in a number of instances. The last week has seen some healthy returns from some of our IT names like Megaport (MP1), Zip (Z1P) and Altium (ALU) more than offset by exposure to the resources & banks, as we said earlier subscribers can expect some rotation between these spaces moving forward.
As we covered earlier in the week MM is considering taking a more than 20% profit from our 3% holding in HUB24 (HUB), we are contemplating using the proceeds to increase our Monadelphous (MND) holding from 3% to 5% while taking our cash position marginally higher to 14%.
