In this section we asses the Wattle Partners Model Portfolio for the month of June 2018. The ASX 200 Index posted a 3.04% gain for the month of June and 8.27% return for the June 2017-18 year. It finished near its 10 year high despite a looming trade war and ramifications from the royal banking commission. Over the month of June, all but one sector managed to close in positive territory. Of the sectors that did well, was energy. It was the clear stand out rising +8.73% on the back of rising oil prices. Consumer Staples rose +6.55%, Information Technology +6.46% and Utilities were up +6.29%. The rise in June came despite end of year tax loss selling, global turmoil over unpredictable US policy, fears over North Korea, uncertainty in Europe, and growing concerns of a global trade war. On the down side, the Telecommunications sector was the only sector that underperformed. It was dragged lower by falls in Telstra, Vocus and TPG Telecom. Woolworths (WOW) shares closed the month up 7.24% following on from May’s better than expected 3Q sales results. Share rose also on news that BP pulled out of the purchase of the Woolworths petrol business. The market didn’t see retaining the business as a negative as the company has alternative options. It has extended the Caltex deal and is working towards an IPO of the petrol unit. The Bennelong Ex-20 Australian Equities fund was among the best performing managed funds for the month returning some 2.65%. Its focus on high quality growth businesses delivered again.…

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