Separately Managed Accounts allow clients to follow Rivkin’s proven investment strategies without having to trade themselves. Our four portfolio options have been designed to suit various different investor goals.

Monthly Update December 2019

Coming into the last trading day of the year, stocks looked set to close only slightly lower for the month but a very weak session on that day brought it to a monthly loss for the ASX 200 of 2.17%. Although the end of year was weak, 2019 was overall a very strong year for equities. Having said this, most of the performance came in the first half of the year, before the SMAs were launched, so the performance for our ASX stocks, for 2019 calendar year, were somewhat muted. Our US strategies, on the other hand, had a strong final quarter which helped lift the Global Growth strategy to a 5.23% gain since inception. Finally, despite a negative return in December, the return of the Capital Stable portfolio, since inception, has far exceeded expectations and is currently the best performing portfolio with a 6.78% return.

For the growth strategies, the results show the benefit of diversification into international markets. Some of the biggest contributors to the Global Growth portfolio include Biogen (BIIB), a multinational biotechnology company, with a 31% gain since inception and Nordstrom (JWN), a department store company, with a 26.5% gain. For ASX stocks, Bluescope Steel (BSL) and Beach Energy (BPT) were standout performers with 36.6% and 38.7% gains respectively. Some investors may have noticed that we have expanded the number of stocks in our Smart Growth strategy to improve diversification. With 2019 now ended, we are looking forward to a strong 2020 and to producing returns that continue to meet or exceed investor expectations.

Although Rivkin has been running the underlying investment strategies in its advice product for some time now, all performance data presented here relates only to the start date of the SMA product on 12 June. Longer than one month performance data therefore covers the period from 12 June 2019 to 31 December 2019. The performance below relates to the model portfolios, so please use the investor portal or call us to check your account specific performance.

The above table shows the returns of each portfolio over various time periods after brokerage, management and performance fees. Individual account performance may vary slightly from the results above due to a number of factors including, but not limited to, rounding, small variations in stock weightings and account start date.

The table below presents performance on a monthly basis for each of the portfolio options. Again, results in this table are after brokerage and fees. Returns for June represent performance from the launch date of 12 June to the end of month.

Rivkin also offers its original investment strategies on the SMA platform. The table below shows the returns of these strategies.

Note: All returns in this document are gross (i.e. including franking credits)

**5.0% for Capital Stable

*1.0% for Capital Stable