Equity Model Portfolios

About the author:

Tom Sartor
Author name:
By Tom Sartor
Job title:
Senior Analyst
Date posted:
14 January 2015, 11:03 AM
Sectors Covered:
Resources, Metals

While markets have been choppy for the last few months, we're pleased to report that performance across all the portfolios has been quite strong, helped by careful stockpicking, underweight exposure to resources stocks and surplus cash holdings.

As a rule, we're waiting for US dollar strength to abate before getting more assertive in deploying our spare cash into new opportunities.

December performance

Income Model Portfolio

The portfolio managed a solid 1.7% gain in December but slightly underperformed the rallying market. The portfolio continues to significantly outperform the market over all timeframes and we think high yield investing will remain a core market theme through 2015.

Income Model Portfolio

Balanced Model Portfolio

The portfolio significantly outperformed the rallying market in December thanks to strong performances from offshore franchises (Brambles, Amcor), and overweight positioning in healthcare and Telstra. The portfolio has also limited losses with market or below market weight allocations toward struggling stalwarts BHP and Woolworths.

Balanced Model Portfolio

Growth Model Portfolio

The Growth Portfolio was the star performer in December, significantly outperforming the market surging 3.8%. High conviction house stocks Beacon Lighting, IPH, Shine and Corporate Travel are all performing strongly. We continue to patiently wait to deploy our surplus cash and look for stabilisation in the USD as a key catalyst.

Growth Model Portfolio

Property Model Portfolio

The Property Portfolio outperformed its benchmark in December and is well ahead over the longer term. Performance has been assisted by underweight exposure to Retail facing REITs and overweight to higher quality diversified and specialised REITs.

Property Model Portfolio

More information

Morgans clients should speak with their adviser for more information or to view which stocks are held within each portfolio. If you are interested in becoming a client, please contact your nearest Morgans office.

Disclaimer(s): The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents ("Morgans") do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

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