|Ethical Investment Mid-Cap Model Portfolio update
The Australian share market has been quite volatile recently, but managed a decent return of 1.40% for the month of May.
The Ethical Investment Mid-Cap Model Portfolio returned 1.96% for the month, outperforming the share market mainly due to the excellent performance of our largest holding, Hub24, which returned 23% for the month.
Other top performers included Blackmores which gained 29%, Challenger which rose 19%, and Integral Diagnostics which returned 18%.
Two companies were removed from the portfolio during the month, Tox Free Solutions and LifeHealthCare Group, after both companies were taken over at quite attractive prices.
We replaced these shares with two new investments in Superloop Limited and Windlab Limited. We also slightly reduced our holdings in Greencross, TPG Telecom and Genex Power.
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to view the full Model Portfolio Update.