Income Report / Income Report: Short & Sharp Today

By Market Matters 17 April 19

Income Report: Short & Sharp Today

Market Matters Income Report 17th April 2019

The market is trading down 15 points at lunchtime with selling targeted towards the resource stocks following news that Vale may bring back on some production sooner than first thought, however the selling there is being offset with decent buying in the banks.  Sector rotation continues to dominate implying that very few participants want to increase cash overall despite the markets strong run.

Given School Holidays / Easter the MM Income Note is a short one today with normal programming recommencing next week.  The past week saw the Income Portfolio rise by 0.1%, dragged by BOQ falling -5% while no other holdings experienced major moves, and no holdings went ex-dividend. In the current financial year, the portfolio is up +4.26% vs the benchmark (RBA + 4%) which is tracking slightly ahead at +4.35%. Since inception (5/7/2017) the portfolio is up +11.1%, outperforming its benchmark (RBA Cash plus 4%) at +9.79%.

Have a great day!

James / Harry & the Market Matters Team

Disclosure

Market Matters may hold stocks mentioned in this report. Subscribers can view a full list of holdings on the website by clicking here. Positions are updated each Friday, or after the session when positions are traded.

Disclaimer

All figures contained from sources believed to be accurate.  Market Matters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy.  Prices as at 17/04/2019

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