Portfolio update | May 2016
The RBA lowered the cash rate in May for the first time in 12 months to 1.75%, with the resulting rally in Australian bonds underpinning a demand for equities.
The S&P/ASX 300 Accumulation Index continued its climb from its February lows, adding 3.14% in May, with Health Care the top performing sector as regulatory concerns surrounding the Federal Budget were dismissed. Conversely, tempered enthusiasm towards China saw Materials as the key laggard for the month.
Ralton’s portfolios experienced a positive month with all outperforming their respective benchmarks, with the Ralton Australian Shares portfolio returning 5.19% for May, ahead of its index by 2.25%.
View the May 2016 performance reports: