The Australian S&P/ASX200 index was 6.1% weaker in October, its worst performance since August 2015. Utilities and Information Technology were the top performing sectors, with Financials and Materials the weakest performers for the period.
The Australian market was following the lead of global markets where we saw a general risk-off environment.This was the first material pull-back in the market since early this year.
Ralton Australian Shares portfolio
Regis Resources Ltd was added to the portfolio at the start of October and has since performed strongly during a turbulent month for the market.
Ralton High Yield Australian Shares portfolio
Woolworths Group strongly outperformed against a weak period in the Australian equity market following recent underperformance.
Ralton Smaller Companies portfolio
Cooper Energy outperformed during the month of October. The Sole Gas project, its main asset, remains within budget and on schedule.
Ralton Leaders portfolio
Northern Star Resources continued to outperform during October as the market continues to factor in the growth focused around the recent acquisition of the Pogo gold mine in Alaska.