What do the top 1% hold ahead of the Royal Commission findings?
Selfwealth
The findings are due to be released this afternoon Monday 4th Feb 2019. What impact will that have on the market? Has the market already built the recommendations into the price?Selfwealth allows you to follow the top investors as defined by diversification and time-weighted performance over long periods. We take a look at what they hold before the market opens today to see if the banking sector has been impacted.
What banking sector shares are still held?
As you can see there is still a healthy representation from the banking sector. ANZ (ASX:ANZ) Macquarie (ASX:MQG) and Westpac (ASX:WBC) still get a mention which would represent 15% of this portfolio if weighted equally (which we recommend in our whitepaper). This represents shares directly held ignoring them held via ETFs. Commonwealth (ASX:CBA) and National Australia Bank (ASX:NAB) are noticeable outs.
How are the top investors chosen?
Selfwealth has a community of over 60000 portfolios to help crunch interesting indexes and data like this. You can see a full list of indexes used in the platform on the members page. Top investors are chosen using the Selfwealth WealthCheck score. This combines the diversity of an investor's portfolio their performance over different time periods (1 3 6 months etc) and the independent valuation as per Thomson Reuters. The one listed in this article is a custom target portfolio using the top 10 investors as of today. The most common choice is a quarterly rebalanced portfolio of the same type -- top 10 investors.Have any questions? Hit up members@selfwealth.com.au.The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs and where appropriate seek professional advice from a financial adviser.Taxation legal and other matters referred to on this website are of a general nature only and should not be relied upon in place of appropriate professional advice.
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