Fund Status (08 Sept 2026):
Portfolio Val: $1,135,327
Performance: Portfolio -1.54% | Benchmark -0.97%
Cash: $95,467
Bought/Sold None
Overnight Markets
US markets were closed overnight for the public holiday. So other indices had to pick up the slack. The Nikkei was up +2.12% after the Yen rose beyond its post intervention peak while gold (-0.84%) and oil (-0.09%) fell. Canada is expected to raise retaliatory tariffs on US products. As a result copper rose on expectations the US will apply import tariffs in a tit-for-tat exchange.
Meanwhile in Australia, Bathla’s collapse continues to make news. Clients who paid deposits have no certainty when they will receive their homes let alone their deposits. According to reports, some funds were used to fund projects rather than be held in trust accounts. This will make it difficult for clients to be made whole. Meanwhile, the private credit lenders of Bathla, all 40 of them, will be scrambling to recoup their loans. Reports suggest Centuria’s credit arm is the most exposed.
Australian Market
It was an overall down day with the ASX200 falling -1.0%, led by Discretionary (-1.88%), Tech (-1.76%) and Financials (-1.63%). CBA was down a massive -1.76%. The only bright sparks were Utilities (+0.59%) and Healthcare (+0.45%). The closed US market has shifted the sentiment here to cautious, especially with an RBA rate decision in 3 weeks. Not to mention the US/Iran war is increasing the risk of elevated inflation as oil approaches $100.
Portfolio Commentary
The portfolio fell -1.54% while the ASX300 only fell -0.97%. Selling was broad based across all sectors. Largest detractors were JDO -4.7%, LOV -3.7%, and BVS -2.9%. The contributors did very little contributing; GDG +0.3%, C79 +0.1% and MP1 +0.1%.
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.