July 2018
QUARTER TO 30 JUNE 2018 |
The Australian S&P/ASX300 index delivered a solid performance of 8.5% during FY18. This was below the key US indices, but is reflective of the weight of the banks in the index which are facing headwinds.
The domestic and global economies are expected to continue to provide solid, if unspectacular growth over the next 12 months. A number of equity markets around the world have pulled back from their highs earlier in the year, but the Australian market made a 10-year high during June.
Ralton Australian Shares portfolio
BHP Billiton Ltd was a positive contributor to portfolio returns during the quarter, supported by an 18% rally in the US dollar-denominated WTI oil price.
Ralton High Yield Australian Shares portfolio
The Ralton High Yield portfolio returned 8.59% for the quarter, outperforming the benchmark by 0.22%
Ralton Smaller Companies portfolio
Cooper Energy provides attractive South East Australian gas market exposure through a portfolio of production assets located close to markets and infrastructure in the Gippsland and Otway Basins.
Ralton Leaders portfolio
The Ralton Leaders portfolio returned 8.60% for the quarter, outperforming the benchmark by 0.15%.