Proposed Changes to Your Portfolio:

In Brief...

The global markets have taken a huge about turn in their performance since last months portfolio update. As the previously mentioned COVID-19 has grown from an epidemic to a pandemic – the world has been unprepared for an event of this magnitude. However, the duration of this global event is the most significant factor. Due to COVID-19 now surpassing the relatable instance of the SARS virus, there is an element of uncertainty amongst the general public, which affects trader sentiment and consumer confidence – this was to be expected.

The Reeves Investment Team has been monitoring the situation and talking to our investment managers to understand their thinking. Our positioning within the market for the past couple of years has been overly cautious – waiting for the opportunity in the market to present itself. We are now at an increased confidence barometer level, which allows the investment team to operate with a greater investable level of cash, so the team can hunt out the most optimum and effective investments within this highly challenging market. Whilst the current market may concern a lot of the investment community, it is worth noting that the Reeves Investment Team has been positioned with more caution than the benchmark, and we now are operating more closely, but still overweight Cash and Bonds, compared to the benchmark. Therefore, our statement from our previous portfolio update still stands – “this change in the barometer is best explained as a move in a positive direction, but not a move into positive territory”. 


Due to the larger situation at hand, our contact time with fund managers has been tailored to only what’s necessary for the Investment Team to receive the most relevant and important information, in order to implement and execute our pre-determined strategy. Due to our beliefs that the current situation requires our highest level of attention and consistent analysis of every possible factor; the team has increased its meetings to daily and Nigel Reeves has had direct oversight.


April 2020 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 (25/02/20-23/03/2020)

Allianz Strategic Bond

6.46%

4.20%

Templeton Global Total Return Bond

3.13%

2.41%

Threadneedle UK Property

0.83%

0.37%

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

Reeves Independent Confidence Meter: 

50%

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 March 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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