Updater (ASX:UPD) is a New York based technology company that has developed a platform to help consumers move house. The Updater assists provides customers to forward mail, update subscriptions, connect utilities and complete other moving related tasks.
Small stocks delivered for our Quest portfolio during the August reporting season. Quest holdings in 9 separate stocks lifted more than 5% over the month to deliver a small positive return in August of 0.2% compared to the market which fell 1.6%.
The Quest Australian Equities Concentrated Portfolio delivered a 3.7% pre fees return in fiscal 2016 which was ahead of the market return of 0.8%.
Quest has expanded the choice of platforms for our Separately Managed Account by adding Macquarie SMA to our range. The platform list now includes JB Were, Mason Stevens, Powerwrap, Hub 24 and Macquarie.