Proposed Changes to Your Portfolio:

In Brief...

October has brought muted returns to global markets, with the MSCI World Index showing a net positive for the month so far. However, once again, there was a large geographical dispersion with the FTSE 100 and many European markets returning losses whilst the US S&P 500 index posted positive returns.

Although October has historically been renowned for increased volatility in returns and somewhat choppy market conditions, we have seen only a small relative increase in the diversity of portfolio returns this month. Once again, this year produces unpredictable and unprecedented scenarios!

All Reeves Portfolios have returned modest growth over October with Private Equity and European Smaller Companies leading this rise. We remain pleased with our current asset allocation which is reflecting our caution regarding market uncertainty. We continue to be overweight in cash and bonds with a primary focus this month on how global government bonds could present opportunities for investors. Our equity exposure is limited appropriately for each risk category and  currently exposed to growth opportunities  in markets while portfolios are somewhat protected from drastic downside risk with the addition of the cash and bonds.

November Aims

Market round-up November

Portfolio Key Details: 

Individual Fund Performance: 

  •     Top 3 Performers:
  •     Bottom 3 performers 

Name of fund

Since January 2020 

Since Last Report (09/10/20 - 26/10/20)

BlackRock Frontiers Investment Trust 



BMO Private Equity Trust



TR Property Investment Trust



This based on our understandings as of October 26th 2020. Data sourced from FE analytics.

Reeves Independent Confidence Meter: 


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 October 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.