The Market Matters Flagship Growth Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view
The portfolio slipped -1.25% last week as the market wobbles continued while cash sits at 4%. For the month of September, the portfolio was positive in a weak market, up +0.56% and after the first quarter of the new FY, the portfolio is up 3.61%, a pleasing result thus far although it’s only days for the year.
For the week we enjoyed strong moves from Alumina (AWC), Whitehaven Coal (WHC), Newcrest Mining (NCM), a2 Milk (A2M) and IAG Insurance (IAG) while a performance headwind was again delivered by our growth holdings Bravura (BVS), Xero (XRO), Altium (ALU), Zip (Z1P) and HUB24 (HUB). Not surprisingly we remain comfortable with our overweight value stock stance and if anything we may look to increase this skew in the coming week’s however overall we do like the portfolios make up and our next main focus will hopefully be to de-risk towards fresh market highs.
Any purchases are still likely to be of adding nature as we look to “tighten up” our portfolio and build on our existing positions, plus given we now hold 4% in cash they will be accompanied by some selling:
- Buy: OZ Minerals (OZL) is one resource stock where we would like to increase exposure into weakness around the $20 area.
- Sell: One of the tech / growth names that struggled over the last week, which one will be down to price action at the time.
MM is considering adding to our OZL holding
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