by David Blumenthal Notes
(1) Past performance is not indicative of future performance.
(2) No rebalancing, cash holdings or trading costs are included. The calculations are based on the published closing prices for each ETF, not NAV, and do not assume dividend reinvestment.
Returns across the Six Park portfolios for November ranged from 0% to +2.4%, with our higher risk, growth-oriented portfolios benefiting most from a strong month for equities. Overall, the portfolios have now returned between +3.1% to +5.0% for the last 12 months.
International shares gained +4.5% in November. This was primarily on the heels of US market rally, which saw the S&P 500 and Dow Jones strike record highs following Trump’s surprise victory. Markets (somewhat unexpectedly) interpreted Trump’s win as a net positive given his anticipated growth-boosting tax cuts and spending plans and the likely flow-on effects to global economic growth.
The Australian sharemarket advanced +2.9%, boosted by broad-based gains across financial, energy and utility stocks and positive sentiment from the US.
Listed property recorded a small gain (+0.7%) as buyers returned to the sector following its extensive sell-off over the past 5-6 months.
Australian bonds fell -1.4% on expectations of rising interest rates and rising inflation concerns