September 2017
The S&P/ASX 300 Accumulation Index made a small gain in August, finishing 0.75% higher for the month.
Strength in Energy and Consumer Staples added value to the benchmark, with Telecommunications the key negative sector.
Reporting season
Reporting season was the key driver for many of our portfolio holdings in August.
Listed companies report their financial progress for the completed period (half or full-year results) and provide outlook commentary on the period ahead.
As well as highlighting our portfolios’ top and bottom performers in terms of return against the benchmark, we also highlight two stocks this month, Telstra Limited (ASX:TLS) and Commonwealth Bank of Australia (ASX:CBA), both of which are high profile Australian companies that were down materially for August, impacting investors’ absolute dollar returns from our portfolios.
View August 2017 reports