EOFY Rebalance Australian 20 Portfolio
Ahead of 30-Jun-26 we review a good year and make some adjustments to reduce overweights in resources and close up some underweight to financials.
We have not yet ruled off the financial year, but it looks like it will be a good one.
(Addendum: See below for the final results).
After this rebalance report the full-year results are in.
The FY2026 returns as at 30-Jun-26 were:
Portfolio: +14.50%
S&P/ASX 200 Benchmark: +6.11%
Alpha: +8.39%
It will move around in the last two trading days, but it was a good year.
The bulk of the outperformance came from timely resources bet around this time last year. In view of changing conditions, we are closing up some of that in this note.
The since inception numbers have improved in recent years.
This was our best year yet in both absolute and relative returns.
