Both ’s model portfolios performed significantly better than the broader market in May.
The NZ Model Portfolio gained 1.9% in May (versus NZX 50 index 0.5%) taking the portfolio to a total return of +43% since September 2015.
At the same time the AU Model Portfolio fell -1.7% in May (versus ASX 200 index -3.4%) taking the portfolio to a total return of +23% since September 2015.
Key performers for the month were Xero, Air New Zealand, Sydney Airport, and Elders. At the same time, Myer, Select Harvest, Fletcher Building and Tegel weighed on overall returns.
Looking forward, we remain confident in our key investment themes such as Agriculture and a Tourism boom, with our portfolios positioned accordingly.
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