The model Australian share portfolio returns are as follows:
| Model Equity Portfolio – Historical Return Summary | |||
| Period | Portfolio Return % | ASX 200 Accum Index | Out / (Under) Performance |
| FY ending 30 June 2013 | 27.61% | 22.75% | 4.86% |
| FY ending 30 June 2012 | 1.01% | –6.71% | 7.72% |
| FY ending 30 June 2011 | 7.32% | 13.15% | –5.83% |
| FY ending 30 June 2010 | 8.73% | 11.73% | –3.00% |
| FY ending 30 June 2009 | –7.04% | –20.14% | 13.10% |
| Cumulative since 1 July 2008 | 39.82% | 15.61% | 24.21% |
The model portfolio continued to perform well over the year ending 30 June 2013, returning 27.61%. Key outperformers included Ramsay Healthcare, CSL, News Corporation, Crown and Seek. The major underperformer was Newcrest Mining.
Changes to the model portfolio
Key changes made to the model portfolio for FY14 are as follows:
- Newcrest Mining was removed as at 30 June as the potential for the gold price to fall further has increased with the continued improvement in the US economy and the likely winding back of the controversial Quantitative Easing policy.
- Newcrest was replaced with Dulux Group (DLX). DLX owns a suite of well know home improvement and construction products (including Dulux, Cabots, Feast Watson, British Paints, Selleys & Parchem). Since being spun off from Orica, DLX has performed strongly. Its recent acquisition of Alesco at a relatively cheap price should provide further operating leverage. Housing activity is likely to benefit from materially lower interest rates and this, coupled with DLX's strong brands, should provide modest growth over the short to medium term.
- The resource holdings of BHP and RIO have been marginally reduced to reflect rising global supply and a slowdown in the rate of growth from China.
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