Register  
SelfWealth benchmarking index outperforms ASX200
Wednesday, 24 April 2013 12:40pm

SelfWealth's own index, the SW200 which allows investors to compare the performance of their portfolios directly with other users of the community, has outperformed the ASX200.

The SW200 takes the top 200 stocks by weight, from the top 200 portfolios by performance from the time they joined the SelfWealth online community of investors and allows users to compare with their own portfolio performance.

"It doesn't make much sense to compare yourself as an individual with 200 other companies," SelfWealth managing director Andrew Ward said.

Ward explained that this prompted the idea of putting together a "crowd-source benchmark index".

According to Ward, the Commonwealth Bank was the most popular stock among SelfWealth investors and was weighted at 10.15% of the SW200 index.

It is followed by BHP Billiton, which was weighted at 8.81% and cash, which was the third highest weighting of the SW200, with a weight of 5.78%.

SelfWealth is a Melbourne-based business that has six employees and about 500 users. It was founded last November and it is an online community that allows investors to compare their portfolios with other users, the market and professionals for a monthly fee.

Blogs
Follow the industry experts.
Christopher Page
Christopher Page
Managing Director

Medcraft's appalling speech
I am surprised. More than that, I am astonished, shocked. Last week I was left speechless by the address that the Australian Securities ...read more
 
Benjamin Ong
Benjamin Ong
Chief Economist

Reflation, rotation and the taper
'Tis being my final type (drivel, to some gentle readers) for the year, we'll take a look back at the 2013 that was to seek the lessons ... read more
 
Alex Dunnin
Alex Dunnin
Director of Research & Editorial Services

Fear and hatred is what I want for Christmas
Many years ago when I started work as a country school teacher students would often moan about how they thought it was unfair that ... read more
News Search   
VideoBrought to you by
Adviser Efficiency
The secret sauce to an enduring adviser-and-client relationship changes from time to time. One minute it's about the adviser's ability to provide expert advice around investments and the next minute, it's ... Watch video
State Street Global Advisors SPDR S&P 500 ETF
We invite you to watch our latest video program on FSiTV featuring State Street Global Advisors (SSgA) head of SPDR ETFs Amanda Skelly, as interviewed by Mark Smith, deputy editor of Financial Standard. In ... Watch video
Why Multi-Asset Solutions?
Joe Fernandes, Head of Global Investment Solutions at Colonial First State Global Asset Management talks about the advantages of objective-based investing in the multi-asset space. Watch video
Get it
Daily
FREE to your inbox, get the Financial Standard Daily Email.
Get the Free
iPad app
Download the Financial Standard iPad app for FREE
Industry
Events
DEC
27
JAN
28
Financial Standard Chief Economists Forum 2015 - Sydney
30
Financial Standard Chief Economists Forum 2015 - Melbourne
MAR
25
Digital Marketing for Banking & Financial Services 2015 Summit
FEB
02
The Diversity Dividend - The Male Champions Of Change
03
Hobart GenXt National Roadshow 2015
News
Bites

$245 (inc GST) for 1 year
 
 
Copyright © 1992-2014 Rainmaker Group
All material on this site is subject to copyright. All rights reserved. No part of this material may be reproduced, translated, transmitted, framed or stored in a retrieval system for public or private use without the written permission of the publisher.
Link to something fJrreFpC