IMP Monthly Report | October 2021
October was a very interesting month indeed. Against a backdrop of largely positive global economic and corporate news flow, investors grappled with rising inflation and its implications for Monetary Policy (both short and medium-term).
Unfortunately for Australia, it missed out on corporate earnings as a catalyst, having already completed its Full Year 2021 reporting season (which was marred by our lockdowns), suffering significant underperformance as commodity prices (particularly Iron Ore) reversed course amidst concerns about demand from China.
Furthermore, since the Reserve Bank of Australia held probably the most dovish (accommodative) stance of any major central bank (in promising not to increase official cash rates until 2024 at the earliest), the repricing of rate hikes was arguably greatest here in the wake of higher than forecast Australian inflation data. Consequently, amidst a disorderly sell-off in Government Bonds on the very last day of the month, the ASX 200 Index finished the month 0.11% lower… Continue through to the full report here.
The links below will take you to the October 2021 Holdings & Yield Forecast charts for each of our portfolios:
IMP 100I | a model portfolio designed to more for income than growth with the majority of the funds invested in the top 100 ASX listed companies
IMP 100T | a model portfolio designed to more for growth than income with the majority of the funds invested in the top 100 ASX listed companies
IMP 200 | a model portfolio designed with the majority of the funds invested in the top 200 ASX listed companies
IMP 300 | a model portfolio designed with the majority of the funds invested in the top 300 ASX listed companies
YMP | a model portfolio designed for income with the majority of the funds invested in the top 100 ASX listed companies
For more information about our Individually Managed Portfolios, contact us to speak to one of our specialists.