Quality Portfolio Update

Quality stocks are built for the long-term. The stockmarket is in a bubble environment, not dissimilar to the late 1990s dotcom boom. During that time, quality lagged the market, only to be revitalised when the bubble burst. This seems highly likely to be repeated.

Many of the companies in the ByteTree Quality portfolio have recently reported earnings, continuing to serve customers, compete for market share, innovate, and invest. The overall picture has been positive. The portfolio is made up of large-cap, high-return, low-volatility companies with double-digit sales and free cash flow growth, valued well below the market on a free cash flow or dividend yield basis. These are averages of all the positions, equally weighted (i.e. volatility reflects each stock’s volatility, not the portfolio’s as a whole).

Portfolio Stats

This post is for subscribers only

Become a member to get access to all content

Subscribe now