Fund Status:
Portfolio Val: $1,131,282
Performance: Portfolio +0.07% | Benchmark +0.45%
Cash: $95,467
Bought/Sold None
Overnight Markets
Most markets were down overnight bar the US indices. S&P 500 and Nasdaq rose about +0.45% each. The Russell 2000 jumped +1.13%, small caps defying the higher rates and inflation risk. Japanese Yen rose driven by the BOJ leaving the door open for rate hikes. Closer to home, Bathla Group’s near-term survival could hinge on talks for a loan of A$4 million with several private lenders. The administrator said it needed to secure A$20 million to cover staff payroll. Bathla owes around A$3.3 billion.
Australian Market
The ASX 200 snapped a three-day losing streak to gain +0.46%. A slight relief amid bond yield mayhem. Australian 10-year yields fell slightly 5.16%. Still high. Top performing sectors were Financials (+0.86%) led by the big banks, Healthcare (+0.80%) led by another gain by CSL. The worst sectors were Energy (-1.24%) and Technology (-0.78%). Of note was Corporate Travel Management (CTD) off its trading halt. The shares opened at $3 and fell to $2.32. The closing price is an 85% fall from its last trading day 1 year ago ($16.07 on the 22nd August 2025).
Portfolio Commentary
The portfolio was essentially flat today with a gain of +0.07%, underperforming the ASX300 (+0.45%) as growth sold-off. Contributors were Life360 (+3.80%), CBO (+3.79%), and Ora Banda (+3.44%). Detractors were SYL (-3.89%), Lovisa (-3.66%), and Woodside (-2.60%).
Investment Activity
None
Disclaimer: This is a paper portfolio. Content is for educational purposes only and does not constitute financial advice. Always do your own research.