The Market Matters Flagship Growth Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view
The MM Growth Portfolio bounced back 2.24% last week, the big winners being Qantas (QAN) +12%, BHP Group (BHP) +9.4%, Macquarie Group (MQG) +6.9% but a more than 20% plunge by Appen (APX) undid some of this good work. Since inception, this portfolio has delivered an annual return of 14.27%%, beating its return objective. Having said that, there are some positions currently held that are under water – we could easily have looked at Appen (APX) after its recent plunge in sympathy with Facebook (now called Meta Platforms) but that may be for another report when we weigh up the fundamental implications of the move, this morning a2 Milk (A2M) took the inauspicious position on top of the losers podium.
