The RBA Rate Hike The new Governor Michele Bullock handed down her first rate hike lifting the interest rate from 4.1% to 4.35% at the Reserve Bank of Australia’s (RBA) November meeting, as broadly expected by the market. However, the statement released by the RBA was dovish, which surprised the market. The board acknowledged in … The RBA rate hike
Portfolio Changes to Sestante Dynamic Managed Accounts All portfolios sold their holding in the Macquarie Income Opportunities fund and allocated the proceeds to the Perpetual Diversified Income fund. The performance of the Macquarie Income Opportunities fund hasn’t lived up to expectations and we feel we will get a better risk-adjusted return from the Perpetual fund. … Portfolio changes to Sestante Dynamic & CFS FirstChoice managed accounts
Portfolio Changes to CFS FirstChoice Dynamic Managed Accounts All portfolios sold their holding in the Macquarie Income Opportunities fund and allocated that holding to Perpetual Diversified Income fund. The Macquarie Income Opportunities fund performance has disappointed compared to its peer group and we are of the view that the Perpetual Diversified Income fund will produce … Portfolio Changes to CFS FirstChoice
Portfolio Changes to Sestante Dynamic Managed Accounts All portfolios sold their holding in Bennelong Ex 20 Australian Equities and allocated 60% to IOZ, Ishares Core S&P/ASX 200 ETF, and 40% to First Sentier Australian Small Companies. Due to the small holding the Conservative portfolio only purchased IOZ. Bennelong Ex 20 has underperformed over the last … Portfolio changes to Sestante Dynamic managed accounts
Portfolio Changes for CFS FirstChoice Dynamic Managed Accounts All portfolios sold their holding in Bennelong Ex 20 Australian Equities and allocated 60% to CFS Index Australian Equities and 40% to First Sentier Australian Small Companies – Bennelong Ex 20 has underperformed over the last 18 months and we do not feel that market condition over … Changes to AZ Sestante portfolios on CFS FirstChoice