HarbourSide Capital Performance Update

HarbourSide Capital Performance Update

Volatility dominated global share markets over the last 12 months, as uncertainty over global economic growth weighed on commodity prices, while the ever-changing commentaries on central banks’ interest rates often created knee-jerk market reactions.

  • S&P/ASX 200 down 4.13%
  • Dow Jones Industrial Average up 1.76%
  • S&P 500 up 1.73%
  • Nasdaq down 2.89%
  • FTSE 100 down 0.26%
  • CAC 40 down 11.54%
  • DAX down 11.56%

Source; Interactive Brokers

Locally the S&PASX 200 (ASX:XJO) fell 4.13% in the 2016 financial year (FY16) to 5,233.375, as the recent increases from March to May weren’t sufficient to compensate for the massive sell offs seen last August and at the start of this calendar year.

Shares in ASX 200 energy companies had the steepest decline in FY16 due to lower oil prices, but Australian gold miners chalked up gains as the price of the precious metal climbed. The healthcare sector had the biggest rise of 19%, followed by utilities, up 18%, while the energy sector was down 25% and financials fell by around 9%.

HarbourSide Capital Income Strategies performed well against their peers and the XJO despite the volatility.

                                        1month/3 month/YTD

Income Accelerator        0.87%/2.78%/2.38%

Beta Shares Ymax        -3.16%/2.68%/- 2.37%

HSC Aust. Income       -1.34%/1.78%/1.03%

VHY*                           - 2.00%/2.70%/-4.30%

S&P ASX 200             -2.70%/3.00%/-0.32%

*Vanguard Australian shares high yield

Source; Interactive Brokers as at the 30th June 2016

For further information visit www.harboursidecapital.com.au  or via phone on     + 61 2 9432 7850 or email info@hscapital.com.au

Harbourside Capital is an Investment Manager which utilises a Managed Discretonary Account structure

Harbourside Capital Pty Ltd (ACN: 166 765 537) an Authorised Representative (AR No. 448907) of HLK Group Pty Ltd (ACN: 161 284 500) which holds an Australian Financial Services Licence (AFSL no. 435746). Any information or advice contained on this marketing material is general in nature only and does not constitute personal or investment advice. All securities and financial products or instruments transactions involve risks.

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