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 slipped 1.18% last week as the Ukraine tensions caused markets to de-risk across the board, our growth names suffered the most including Xero (XRO) -9.6% & Altium (ALU) -7.2% while Virgin Money (VUK) also surrendered some its recent gains on European fears falling -6.7%. Elsewhere the defensive and recovery names stood out on the winners side of the ledger e.g. Northern Star (NST) +12.9%, CSL +9.6% and a2 Milk (A2M) +9.40%.
As we’ve outlined in previous reports we have plans to restructure our portfolios through 2022 but in the short term MM believes this is the time to reweight towards growth as opposed to defensives:
- We are close to reducing / cutting our energy exposure but for now we feel it has further to run.
- We still like resource stocks which should benefit from a weak $US.
- We are looking to migrate down the risk curve into defensives in the months ahead with the likes of Woolworths (WOW) on the menu.
