About the Portfolio
The Market Matters Core ETF Portfolio includes equity, fixed-income and alternative asset ETFs to populate a core portfolio within a well-defined (yet dynamic) asset allocation structure, broadly considered to be a balanced approach. The portfolio could serve as the ‘core’ for a broad range of more passively minded investors
Portfolio | 1 M | 3 M | 6 M | 1Y | 3Y pa | ITD PA* |
---|---|---|---|---|---|---|
CORE ETF | 1.16% | 6.64% | 5.46% | - | - | 7.37% |
RBA CASH RATE +3% | 0.57% | 1.81% | 3.58% | - | - | 6.15% |
VALUE ADD | +0.59% | +4.83% | +1.88% | - | - | +1.22% |
COMPANY CODE | STOCK NAME | WEIGHT (%) | RISK | TIME HORIZON | ENTRY DATE | ENTRY PRICE ($) | LAST PRICE ($) | DIVIDEND ($) | DAILY CHANGE (%) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|---|
A200 | BetaShares Australian 200 ETF | 20 | Moderate | Long | 19/04/2023 | 122.33 | 129.45 | 4.81 | 0.34 | 9.75 |
VSO | Vanguard MSCI Aus Small Companies Index ETF | 8 | High | Long | 19/04/2023 | 63.24 | 65.60 | 2.23 | 0.21 | 7.26 |
VGS | Vanguard MSCI Index International Shares ETF (ex-Aus) | 13 | Moderate | Long | 19/04/2023 | 100.55 | 123.00 | 2.35 | 0.60 | 24.66 |
MVA | VanEck Australian Property ETF | 10 | Medium | Long | 19/04/2023 | 20.96 | 22.67 | 1.10 | 0.76 | 13.41 |
IAF | iShares Core Composite Bond ETF | 17 | Low | Long | 19/04/2023 | 101.94 | 101.38 | 1.68 | 0.25 | 1.10 |
HBRD | BetaShares Active Australian Hybrids Fund | 13 | Low | Long | 19/04/2023 | 10.01 | 10.09 | 0.59 | 0.00 | 6.69 |
IFRA | VanEck FTSE Global Infra (Hedged) ETF | 5 | Low | Long | 19/04/2023 | 21.00 | 19.70 | 0.57 | -0.15 | -3.48 |
GOLD | Global X Physical Gold | 5 | Medium | Long | 19/04/2023 | 27.56 | 30.54 | 1.16 | 10.81 | |
AAA | BetaShares Aus High Interest Cash ETF | 9 | Low | Long | 19/04/2023 | 50.16 | 50.20 | 1.75 | 0.02 | 3.57 |
Opinions for positions held in the Core ETF Portfolio
Equity Indices
The ASX200 endured a tough week, with the dual blow of a major bank downgrade from Macquarie Group and iron falling to multi-month lows, dragging the index down -2.25%. However, it could have been worse when we consider the falls by some of the influential heavyweights, e.g., Fortescue (FMG) -7.7%, Westpac (WBC) -5.5%, Commonwealth Bank (CBA) -4.9%, and BHP Group (BHP) -3.5%. Unfortunately, this classic “one-two” on the chin of the heavyweight ASX names led to significant underperformance by the local market compared to the US S&P500, which only slipped -0.1%. Read moreFirst Up
The ASX200 again edged higher on Wednesday, with winners and losers perfectly matched, but declines by heavyweights BHP Group (BHP), Commonwealth Bank (CBA), and CSL Limited (CSL) limited the market's gains. When we looked at our portfolios throughout the day, it felt like a case of stocks being “hot or not,” with very little in between. As markets move on from reporting season, traders are second-guessing the path for interest rates, with ongoing choppy volatility likely to remain for at least a few months. Read moreEquity Indices
The ASX200 has rallied to be within 2% of the psychological 8000 level, and we would already be well above it if the influential Resources Sector could regain its mojo. The much-lauded Tech Sector was only the market's fourth best last week, coming in behind the Financials, Real Estate and Healthcare Sectors as the buying became more broad-based. Last month’s Bank of America Fund Managers Survey told us the market was long & bullish, with tech stocks still the top pick. Read moreFirst Up
Thursday saw the ASX200 make a new all-time (closing) high, the solid +0.4% advance was fuelled by broad-based buying, which saw 75% of the main board up on the day, with standout gains by the Industrials and Tech stocks leading the charge. In the big end of town, Commonwealth Bank (CBA) rallied another +0.8% again, posting a new all-time high, while BHP Group (BHP) advanced +1.4% after considering it traded ex-dividend. Yesterday's move was even more impressive when considering some influential names that traded ex-dividends. Don’t worry; your portfolio didn’t have a shocker! Read moreFirst Up
The ASX200 reversed early losses on Wednesday to eke out a small +0.1% gain by the close. The winners and losers were fairly evenly balanced, but the influential “Big Four” banks remain strong – more on them later. It was evident that reporting season had passed with only five stocks moving by more than 5%, while no stocks delivered a double-digit win or loss. As mentioned earlier, the banks helped the Financials sit on top of the podium, delivering a +0.8% gain on the day. At the same time, the high-flying tech sector carried the wooden spoon, falling by 1.4% following the tough session on Wall Street. Read moreNew Hybrids
There has been a flurry of new issuance across the Hybrid market in recent months, starting with Westpac at the end of 2023, ANZ first off the mark in 2024, followed by Bendigo & Adelaide Bank & IAG more recently. All are typical Tier 1 hybrid securities with the usual conditions, something we wrote about here. Below, we’ve provided an overview of each. Read moreFirst Up
Gold has surged ~5% over the last 72 hours, taking the precious metal within striking distance of its all-time high, and we still have a few sessions remaining in the week. Increasing expectations/hopes of a rate cut by the Fed in June has fuelled the advance, which could easily be in its infancy if we see central banks press the ease buttons this year, e.g. the futures market is now pricing in cuts of 0.90% by Christmas, i.e. 3 cuts and a coin toss for a fourth. Read moreFirst Up
The ASX200 reversed early gains to close down 0.1%, with weakness in the heavyweight iron ore miners offsetting gains by the banks, real estate & tech stocks. We are two months into 2024, and the relative performance on the sector level shows no sign of reversing as Beijing struggles to win over sceptical investors, e.g. year-to-date, the Tech Sector is up +24.3%, while the Materials Sector is down -8.8%. With interest rates forecast to start falling through 2024/25, it's easy to argue that growth stocks' outperformance has further to unfold through the year. Read moreEquity Indices
The local market exited reporting season on the front foot, closing up +1.3% for the week, an impressive performance considering the miners continued to struggle. Just keeping with the value stocks, so far in 2024, both ANZ & NAB have rallied over +10%, whereas the markets largest stock, BHP Group (BHP) is down over -10%. With rate cuts widely anticipated through 2024/5 and earnings coming in ahead of expectations, investors are driving stocks ever higher – 75% of US companies beat earnings expectations producing Q4 earnings growth of nearly 8%, well ahead of the 1.2% expected at the aggregate level. Read moreActions for positions held in the Core ETF Portfolio
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