CSL up 58% for the year

The demand for plasma products, vaccines and pharmaceuticals continues to grow, which is benefiting shareholders of the $30 billion giant CSL (ASX: CSL).

As the financial year draws to a close and fund managers madly readjust their portfolios to realise capital gains, capital losses and “window dress” before the market closes this Friday, investors in CSL will no doubt be sitting back and smiling.

CSL which started the financial year trading just under $39 per share is now trading above $60, providing investors with a return of 58% excluding dividends. In comparison, for the last 12 months the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) has returned 15%.

Just avoiding the resource sector has in fact been an advantage this year. With BHP Billiton (ASX: BHP) and Rio Tinto (ASX: RIO) falling 2% and 10% respectively, investors who weren’t exposed to these stocks have been better placed to at least keep up with the index or indeed outperform.

Foolish takeaway

As is often written in legal disclaimers, ‘past performance is no guarantee of future returns’ and so it is true with the stock market too. The poor performers in the past 12 months might just be the best performers over the next 12 months.

In the market for top performing, high yielding ASX shares? Get “3 Stocks for the Great Dividend Boom” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading

Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.