Fusion Investment Portfolio Update – July 2009
I’ve updated the Portfolio page with the fund’s returns to 31 July 2009. I’ve now moved my investment tracking spreadsheet to Google Docs, so fingers crossed the charts and portfolio holdings will now update almost automatically.
The Fusion Investing Portfolio had a good month in July. The portfolio increased it’s relative outperformance over the S&P ASX 200 to 16.7%, an increase of 1.5% for the month, after briefly pulling ahead by 18.6% during the month. Since inception the portfolio is down an absolute 10.9%, so I can’t crow too much despite the relative outperformance.
This months purchase of Biota was an excellent contributor and financials also aided the portfolio’s performance. Akamai’s price war sent it’s shares plumetting 19% on the 30th and Suntech had a extremely volatile month. Here’s a chart of the portfolio’s holdings for the last month. Fedex was the other big positive contributor this month. Harmonic Inc (HLIT) jumped 12% last night on a good earnings report.
The portfolio index allocation remained stable at 36% of assets, while cash dropped from 31% to 17%. With high index and cash holding it is no surprise that the portfolio has been roughly tracking the ASX200 index for the last six months.
How important are sectors upon investment results? Sector rotation a starter for 10.
Fusion Investing Portfolio Holdings
Check out the portfolio page for more details.
Last Update: Fusion Portfolio’s return to 30 June
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