August 2018
MONTH TO 31 JULY 2018 |
The S&P/ASX 300 Accumulation Index returned 1.31% for the month of July, with Financials and Industrials the top performing sectors and Consumer Staples and Materials the weakest performers for the period.
The domestic and global economies are expected to continue to provide reliable if unspectacular growth over the next 6 – 9 months. However, this does assume the Chinese continue to stimulate further to offset the deleveraging-induced slowdown and any impact from tariffs, which is important from an Australian perspective.
Ralton Australian Shares portfolio
During the month, Aristocrat Leisure again performed very strongly for the portfolio and continued to move higher as the market continued to factor in the positive outlook post 1H18 results
Ralton High Yield Australian Shares portfolio
Amcor Ltd, the global packaging company, performed well for the portfolio, rallying as investors begin to factor in that several of the headwinds from FY18 should ease as we enter the new financial year.
Ralton Smaller Companies portfolio
Super Retail Group performed strongly again in July for the portfolio as the share price recovery over the past few months continues, resulting in the stock trading at a more appropriate valuation.
Ralton Leaders portfolio
The Ralton Leaders portfolio returned 2.23% for the month, outperforming the benchmark by 0.64%.