March 2017
The S&P/ASX 300 Accumulation Index pushed higher in February, gaining 2.2%, with Consumer Staples and REITs the top performing sectors.
At the end of February, Ralton’s flagship Australian shares portfolio marginally underperformed the index. Our overweight position in Consumer Discretionary was a key contributor to investor returns, as was our underweight position in Materials.
Aristocrat Leisure, iSelect and AGL all added value during the month, with Aristocrat rallying after management upgraded its profit growth for the coming year and AGL’s price rising off the back of electricity price hikes.
Of the turnaround stories we’ve been watching closely, we are confident they will soon start to gain traction.
View February 2017 reports