Page 29 - Investment Outlook

PORTFOLIO SELECTIONS
Income portfolio will automatically be switched to the Conservative Alpha portfolio and their income withdrawals maintained.
As of 12th May 2020, the best performing funds held in our portfolios over the past 6 months have been;
As far as the 33rd Edition of our portfolios is concerned, across all six portfolios, seven new funds have entered our selections while ten funds have either been dropped or substituted. We have done this for a number of reasons. These being performance related, cost related or that a fund has lost an analysis rating. There are also sectors that we no longer wish to invest in.
Blackrock Gold and General
Polar Capital Global Technology
T. Rowe Price US Large Cap Growth Loomis Sayles US Equity Leaders Blackrock North American Index
36.89% 20.46% 13.52% 11.57% 8.25%
The funds removed are: -
Royal London Corporate Bond Threadneedle High Yield Bond
Royal London Short Duration Credit
Royal London Short Duration Global High Yield Muzinich Global Tactical Credit
Artemis Strategic Bond
Axa US Short Duration High Yield Bond Stewart Indian Sub-Continent
Polar Capital Global Insurance
Franklin UK Equity Income
The funds added are: -
Vanguard UK Long Duration Gilt Index Henderson Long Dated Credit
Vanguard Short Dated Investment Grade Bond Royal London Ethical Bond
Fidelity Asia Pacific Opportunities Ballie Gifford International
Legal & General UK 100 Index Trust
TER
0.54% 0.68% 0.39% 0.64% 1.03% 0.61% 1.02% 1.24% 1.11% 0.90%
TER 0.13% 0.59% 0.15% 0.55% 0.90% 0.65% 0.10%
The reason for these outperformances is that the great winners in the Coronavirus crisis were gold and tech companies.
As of 12th May 2020, the poorest performing funds held in our portfolios over the past 6 months have been;
Polar Capital Global Insurance Blackrock Global Property Securities Stewart Indian Sub-Continent Blackrock UK Equity Index
Franklin UK Equity Income
-20.28% -19.44% -18.95% -17.32% -16.48%
The returns on the above funds are all related to the heavy sell off in equities due to the coronavirus crisis. This would not have been the case without the pandemic.
Financial Advice & Wealth Management
28