Tavistock Wealth Library

December 2018

Tavistock Wealth Literature

Introduction to

Tavistock Wealth

Tavistock PROFILES

Brochure

ACUMEN Capital Protection

Portfolio Brochure

ACUMEN Income-Protection

Portfolio Brochure

Tavistock Wealth

DDQ

Tavistock Wealth Rolling

12-Month Review

Quarterly Perspectives –

Q1 2019

Quarterly Perspectives –

Q4 2018

Dynamic Planner Literature

Research Note

(ACPP & AIPP)

Fund Risk Profiling Report

(ACPP & AIPP)

ACPP

Certificate

AIPP

Certificate

Publications

History of the UK

Stock Market (1925 – 2018)

5 Years Avoiding the Storm:

Stick or Twist?

Market Update:

October 2018

He Who Recommends it

Shall be Liable for it

For more publications please click here

Monthly Portfolio Changes

This month, we made several changes to our global equity investments. The core equity allocation now invests in Smart Beta trading strategies via a combination of single factor and regional multifactor ETFs. Within our main allocation, we increased exposure to minimum volatility, taking it from neutral to overweight. This factor tends to outperform during periods of heightened volatility, which will be a key theme in 2019. Within our satellite allocation, we increased exposure to commodity equities via an ETF that tracks the performance of gold producers. Gold has bounced off its summer lows and we expect strong seasonal support linked to demand from Asia. Overall, we remain slightly underweight equities. We did not make any changes to our investments in fixed income, commodities and property this month.

Factsheets

ACUMEN Capital Protection Portfolio

ACUMEN Income-Protection Portfolio

ACUMEN Bond

Portfolio

ACUMEN Conservative

Portfolio

ACUMEN Income

Portfolio

ACUMEN Progressive

Portfolio

ACUMEN Adventurous

Portfolio

ACUMEN Equity

Portfolio

ACUMEN Strategic

Portfolio

Tavistock PROFILE 3

Tavistock PROFILE 4

Tavistock PROFILE 5

Tavistock PROFILE 6

Tavistock PROFILE 7

Tavistock PROFILE 8

Tavistock Income

GBP Update

Please see below our monthly Sterling chart, showing the month end GBP/USD rate of 1.28, which is below the 1, 5, 10 and 20-year averages. The chart also highlights Sterling’s purchasing power parity (PPP) as well as Capital Economics’ forecast for a return to 1.50 by the end of 2020.

The value of an investment in the Protection Portfolios, ACUMEN Portfolios or Tavistock PROFILES may fall as well as rise. Past performance should not be seen as an indication of future performance. Source of data: Tavistock Wealth Limited, Thomson Reuters and Lipper for Investment Management unless otherwise stated.