The Market Matters Flagship Growth Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view
The MM Flagship Growth Portfolio added +0.87% last week while our cash position remained at a small 1%. The positive performance last week was aided by IGO Ltd (IGO) +6.6%, Goodman Group (GMG) +5.7% & ResMed (RMD) +5.1% while on the other side of the ledger TPG Telecom (TPG) -1.5% and CSR Ltd (CSR) -0.9% weighed on the portfolios performance.
We are now basically fully invested and looking for strength over the coming weeks/months to migrate down the risk curve including probably increasing our cash position i.e. this is a time to be patient as opposed to proactive as we anticipate the market and especially the high beta stocks will grind higher albeit in a choppy manner. Positions that we choose to liquidate assuming the market unfolds as we expect will be largely dictated by prices at the time but we are definitely watching any holdings which “pop” into our target areas. However, the growth / tech-related stocks are our main targets to reduce at higher levels as we look to reduce our weightings.
- Tech/growth related holdings include: Aristocrat (ALL), Altium (ALU), HUB24 Ltd (HUB) and Xero (XRO), and to a lesser extent Goodman Group (GMG)
Many people would include healthcare stocks in this group be we like their defensive nature at this stage of the market / economic cycle. Most of the above MM has touched on in previous reports hence today we have looked at another candidate for this portfolio when we do start tweaking our holdings i.e. being prepared is always a vital stage of portfolio evolution.
