Proposed Changes to Your Portfolio:

In Brief...

We are now (hopefully) over halfway through the UK’s second national lockdown but unlike the first time the markets have been soaring. FTSE 100 has risen impressively by (shown a phenomenal growth of) over 13% since the start of the month on the back of positive vaccine news from Pfizer, BioNTech and AstraZeneca. US markets have rallied broadly with most sectors rising as a result of Biden winning the US Election. After a long race for the win, the knowledge of who the 46th President of the US will be, has brought some certainty and investors have one less major event to fret over. 

We have been significantly active throughout 2020 and are pleased with how your portfolios have performed. We protected against larger losses in the initial market fall and we were able to participate in the subsequent global rally. Since this point we have pulled away from equity markets with a tilt towards more defensive assets and we have maintained a more defensive stance for the second half of 2020. 

For some of our portfolios, we now feel it is time to move to a more neutral position which will be reflected in a general shift from cash to equities. 

However, it is important to note this is not a significantly ‘bullish’ move into positive territory, we are simply moving more towards a neutral position. There are still many short-term challenges present in the market, but we do feel that the news of a vaccine improves fundamentals in the market for 2021. 

December Aims

Market round-up 

Portfolio Key Details: 

Individual Fund Performance: 

  •     Top 3 Performers:
  •     Bottom 3 performers 

Name of fund

Since January 2020 

Since Last Report (27/10/20 - 23/11/20)

Schroder Recovery

-16.58%

18.51%

Polar Capital Global Insurance

-4.26%

10.25%

Royal London UK Equity Income

-17.23%

9.84%

This based on our understandings as of November 23rd 2020. Data sourced from FE analytics.

Reeves Independent Confidence Meter: 

40%

The above meter represents our confidence on the short term prospects of the global equity markets in the upcoming months. Please read our Market Outlook Reports on a monthly basis for more information. 


The information in this blog or any response to comments should not be regarded as final advice. Please remember that the value of your investment can go down as well as up, and may be worth less than you paid in. Information is based on our understanding at November 2020.

Data provided by FE. Care has been taken to ensure that the information is correct but Reeves Independent neither warrants, represents nor guarantees the contents of the information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Financial Express Limited Registration number: 2405213. Website:www.financialexpress.net

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