16 February 2019
Weekly Insights From The FNArena News Desk 12/02/19
Something peculiar happened last week.
The FNArena/Vested Equities All-Weather Portfolio, which up until February had been outperforming the ASX200 Accumulation Index (including dividends), experienced first hand the potential consequences if one’s portfolio does not include miners and energy stocks or major banks. In one swift move whatever was there in relative outperformance disappeared and was replaced by relative underperformance.
I am referring to the Big Four Banks and their share price moves following the release of what is generally accepted was a rather forgiving slap on the wrist, and not much more, for a sector whose shenanigans and embarrassing client-unfriendly corporate culture had dominated newsflow and headlines throughout most of 2018.
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