Australian and New Zealand NAPS 2nd quarter review
We have reached the halfway mark of the calendar year and for our NAPS (No admin portfolio system) for Australia and New Zealand.
If you wish to revisit the launch blog post of the Australian and New Zealand NAPS portfolio from January, including the selection criteria, please read it here.
If you wish to re-read the 1st quarterly update you can do so here
As a reminder, the Australia and New Zealand NAPS (No Admin Portfolio System) is run as an education tool and is not intended to be taken as advice or portfolio recommendation. As the name says, we perform no changes to our very rudimentary selection process.
All we do is select the two highest StockRank scores in each sector, large enough for us to consider.
This update is purely for the purposes of interest. True to word, we will not make any changes, irrespective of any shift in rankings (or personal biases). Rather, this is a shared learning exercise to see if a passive/stock specific fund can beat the market.
As mentioned in the last quarterly review, we compare ourselves against the total return of the VAS Vanguard Australian Shares Index ETF as...