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 was up +1.4% last week while the market fell -0.4% inclusive of dividends, performance was aided by strong moves in HUB24 (HUB) +13.9%, Whitehaven Coal (WHC) +12% and Altium (ALU) +6.2% while the major performance drags were Appen (APX) -23.2% and Virgin Money (VUK) -8.6%. For the month of February the portfolio was up +2.10%, largely inline with the market. Interestingly enough, Aussie stocks outperformed their US counterparts by ~5%.
As we’ve outlined in previous reports we have plans to restructure our portfolios through 2022 but most in focus today is how and when we take some money off the table in our gold and energy positions that are benefitting from the horrendous events unfolding in the Ukraine.
- We are monitoring our position in Santos (STO) carefully as crude oil soars to multi-year highs.
- Similarly we are watching our very overweight gold exposure via Northern Star Resources (NST) and Newcrest Mining (NCM) – we may take profit on one and let the other run for now.
Watch for alerts.