The Market Matters International Equities Portfolio is a high conviction direct international equities portfolio that targets well known global brands – Click here to view
MM’s International portfolio fell -0.12% for the week however 0.89% of the fall was currency related (i.e. higher AUD). We enjoyed strong gains from our Asian facing holdings such as Alibaba (BABA US), JD.com Inc (JD US) and Tencent (700 HK) which announced a buyback of its depressed stock while we also unfortunately saw 5 of our positions fall by over 5% with reporting season doing us no major favours – Zoom (ZM US) was our worst on ground tumbling -13.6%. Cash sits at 9%.
