Proposed Changes to Your Portfolio:

In Brief...

Over the month of May, we have been closely monitoring the performance of our new portfolios. We advised changes to our Tactical Portfolios at the very start of this month to take advantage of the unexpected positive market growth we experienced at the beginning of 2019. Consequently, we advised to sell a small proportion of UK Equities to take some of this profit and increase our diversification and exposure to less risky assets such as Bonds.

We advised to increase Gilts across all portfolios and since this move, Gilts have been the second highest performing sector and UK Equity has been one of the poorest performing sectors. We chose not to increase Technology weightings, despite the low exposure in our Adventurous Portfolios, as we are expecting further volatility from the sector. Recent high profile US flotation Lyft has since traded below the IPO price and other (so called) ‘unicorns’ due to float this year include Airbnb and Pinterest – the big question is at what valuations.

It is too early to draw any major conclusions from the new V19B portfolio performance, especially with the market downturn in the last month. However, it is clear that all portfolios are performing as expected and we are still positioned cautiously with further volatility expected over the summer months.

June 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 (01/05/19 - 30/05/19)  

Scottish Mortgage Investment Trust

7.61%

-4.92%

Janus Henderson Global Technology

18.48%

-3.92%

Invesco High Income 

2.35%

-3.89%

This based on our understandings as of May 30th 2019. Data sourced from FE analytics.

Reeves Independent Confidence Meter: 

20%

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 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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