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An update on recent investment portfolio performance.

  • Monday, April 20, 2020

Since the beginning of the Coronavirus crisis, we have been monitoring our investment portfolios and their underlying fund holdings. Due to the generally more cautious positions we have been taking within our portfolios over the past 18 months as the business cycle extended, we have fared far better in limiting portfolio losses as compared to the Investment Association (IA) national average benchmarks.

It is possible that Monday 23rd March was the floor to stock market falls. This is a view taken by JP Morgan. Since 23rd March we have seen an upward trend in capital asset value including stocks, bonds, property and precious metals. All of which are held within our diversified portfolios.

We use Financial Express Analytics to monitor, analyse and chart the relative performance of our portfolios against national averages and other investment companies. As of Friday 17th April, the recovery in value within the portfolios has been reassuring and evidence of the strong fund selections. The figures below are for the past 1 month and are the gross returns for our Edition 32 portfolios.

Cautions Portfolio +4.07% Benchmark +1.65%
Conservative Alpha +5.45% Benchmark +2.93%
Balanced Beta +6.83% Benchmark +2.93%
Balanced Alpha +7.52% Benchmark +4.95%
Speculative Beta +8.02% Benchmark +4.95%
Speculative Alpha +8.00% Benchmark +4.95%

Within the portfolios the particular funds that had performed best in the past month were;

Blackrock Gold and General Fund +56.61%
Lindsell Train Japanese Equity Hedged +24.10%
Polar Capital Global Technology +19.23%
T Rowe Price US Large Cap Fund +13.81%
Lindsell Train UK Equity +13.77%
Loomis Sayles US Equity Leaders +13.47%
Liontrust UK Special Situations +13.45%

Some funds are showing losses in the past month. The most notable being Stewart Investors Indian Subcontinent Fund which has fallen -4.54% due to the heavy lockdown in India.
We are still seeing overall losses over the past three months and six months due to falls up to 23rd April

We think that equity markets have already given a considerable amount of value back to investors in the past month when considering the dire economic news on the global economy. There is now a keen focus on exit strategies, government stimulus packages working and a vaccine. While markets may be looking ahead, we think that further pick-ups will be slower than we have recently enjoyed.

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Chris Davies

Chris Davies

Chartered Financial Adviser

Chris is a Chartered Independent Financial Adviser and leads the investment team.

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Estate Capital Financial Management
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Swansea, South Wales,
SA2 0PA.
Tel: 01792 477763