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 added +3.41% last week while cash sits at 9%. We had a mixed bag in the winners enclosure including BHP Group (BHP) +7.6%, Macquarie Group (MQG) +6.3% and Xero (XRO) +6.3% while the main laggards were Newcrest (NCM) +0.6%, Woolworths (WOW) +1.1% and CSL Ltd (CSL) +0.6% – a rare and pleasing case of all stocks in the portfolio closing up for the week.
MM has already migrated our portfolio away from value into growth names as we took advantage of commodity prices panic on the upside, its now time to sit back see if we are correct while remembering MM will be looking to migrate down the risk curve into ongoing strength through Q2.
