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Model Portfolio Performance – December 2017

Ethical Investment Mid-Cap Model Portfolio update

The Ethical Investment Mid-Cap Model Portfolio ended 2017 with a total return of 11.07% for the year, slightly underperforming the All Ordinaries Index which gained 12.47%.

Strong performers for the year included the healthcare companies Medical Developments International, Integral Diagnostics and CSL which returned 60%, 69% and 41%, respectively.

Other top performers included the investment and superannuation platforms Hub24 and Australian Ethical which gained 85% and 66%, respectively. Blackmores bounced back strongly after a disappointing 2016 with a return of 69% for the year, while the small renewable energy company Genex Power rose 58%.

The main detractors to performance for the year included Murray River Organics which fell 67% and Praemium which dropped 20%. Both of these stocks were sold during the year. Other disappointing returns included the battery manufacturer Redflow which was down 20% and the renewable energy companies Carnegie Clean Energy and Infigen Energy which fell 54% and 31%, respectively.

The Model Portfolio continues to outperform the overall market since its inception, with a return of 9.94% per annum.

Please click here to view the full Model Portfolio Update.

 

Disclaimer 
The contents of this newsletter are intended as general advice only.  No specific person’s circumstances, financial situation or objectives have been taken into consideration.  You should not act on the information provided without seeking personal advice from an appropriately qualified financial planner.   Past performance is no indication of future performance. While the data source has been verified as reliable, the actual content has not been checked for accuracy. Consequently, Ethical Investment Advisers does not warrant the accuracy of the information nor accept liability for any errors in the data. Research and company news sources: CAER Corporate Monitor & Eco Investor. Portfolio inception date for performance calculation purposes is 20 January 2014. The returns shown are estimates only. The returns are for the Ethical Investment Mid-Cap Model Portfolio on the Praemium platform and are before portfolio fees but after brokerage and may not match your actual return as this can be affected by the timing of additions and withdrawals, as well as fees and customisations. Portfolio returns longer than one year are annualised returns. Returns are inclusive of tax credits and have been calculated using a Time Weighted Return method.
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