The Fusion Investing Portfolio posted a small gain in August, though was resoundingly thrashed by the S&P/ASX 200 Index. The portfolio relative outperformance decreased from 16.7%, to 13.1%. Since inception the portfolio is down an absolute 9.9%.

The only transaction in August was the sale of STW.AX, the S&P/ASX 200 tracking fund at $40.95. STW.AX has risen since then and closed last night at $42.20. The sale dramatically increased the portfolio cash position, which now sits at 39.6%.

Last Update: Fusion Portfolio’s return to 31 July

Related posts:

1. Fusion Investment Portfolio Update – July 2009
2. Fusion Investing Portfolio Q1 2009 Update
3. Fusion Investing Portfolio Update
4. Fusion Investment Fund Update
5. Fusion Portfolio Update
6. Fusion Portfolio Update