Proposed Changes to Your Portfolio:

In Brief...

Over the month of August we have been investigating the effect of the FTSE All Share falling almost 6% on our portfolios. As expected, when the FTSE All Share fell our portfolios remained quite steady. For example, as the FTSE All Share fell almost 6% our Adventurous Tactical Portfolio fell just over 1.5% and Cautious Tactical grew almost 0.5%. Throughout the first half of 2019 Reeves were 20% confident in the markets, we reduced this to only 15% for July and we have remained with his value throughout August. We have achieved pleasing returns over the first half of 2019 and we do not want to push our luck, preferring rather to dial back the portfolio risk and book some profits from the equity exposure gains.

We have reduced overseas equity exposure across all portfolios as many market valuations appear stretched. We do not want to overexpose our portfolios to the inherent risks and uncertainty.

We have also recently made a change to our Short-Term Portfolio due to strong gains in the Schroder ISF Global High Yield Fund position. We reduced our exposure to this fund by 75% in order to take the profit we have made in the last 6 months and to protect these gains. We have also reduced our exposure to UK and US equities reflecting our more cautious outlook. 

For our Tactical Clients we have reduced the Gold holding by 75% to capitalise on the gains made and keep the proceeds as cash. The price of Gold has soared due to the world economy facing rising pressure from multiple sources. Our Gold fund rose 22.26% since the start of June and as a result passed through our set alert levels for review.

September 2019 Aims 

Market round-up 

Portfolio Key Details: 

Individual Fund Performance: 

  • Top 3 Performers:
  • Bottom 3 performers 

Name of fund

Since January 2019 

Since Last Report (01/08/19 - 02/09/19)  

ETFS Physical Gold

24.39%

8.35%

Empiric Student Property PLC

4.20%

4.33%

Allianz Gilt Yield I 

11.93%

4.07%

This based on our understandings as of August 2nd 2019. Data sourced from FE analytics.

Reeves Independent Confidence Meter: 

15%

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 September 2019.

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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