Proposed Changes to Your Portfolio:

In Brief...

We are now halfway through 2020 and what a year it has been so far! We have experienced the fastest 30% fall in the history of global equities in the first quarter followed by the largest 50-day rally in market history in the second quarter. These really are unprecedented times, but it has also given us unprecedented opportunities in the first half of 2020 for the Reeves Investment Team for your portfolios. All Portfolios have been updated to reflect both our shorter term and longer-term views. In January’s newsletter we stated that ‘2020 is expected to be an interesting year in global markets… Reeves currently maintains a ‘cautiously optimistic outlook’ this remains true to this day. We could not have foreseen just how interesting this year would become in terms of market activity, but we have actively managed the portfolios and regularly communicated our thoughts on the Economic backdrop.

The Reeves Investment Team has been busy reflecting on the first half of 2020 and we are pleased to announce that Year to Date, the Reeves Model Portfolios are beating the FTSE All Share and the benchmark. We are really pleased with how your portfolios have performed; we have been increasingly more defensively positioned for several years now, fearful of large falls in the market. This position proved to be beneficial for your portfolios especially through the initial impact of the Coronavirus.

The benchmark we use, the MSCI PIMFA (a widely used Private Client index) creates portfolios that are each 91% correlated with the FTSE All Share. This means that 91% of the time the benchmark will follow the direction of the market. At Reeves, we have lowered the correlation of your portfolios to between 70% and 80%.

​July 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 (26/05/20-29/06/2020)

Jupiter India

-13.55%

12.79%

Scottish Mortgage Investment Trust

40.59%

10.60%

Schroder Asian Alpha

5.01%

9.29%

This based on our understandings as of June 29th 2020. 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 June 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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