Tavistock Wealth Library

March 2020

ACUMEN ESG Protection Portfolio

ACUMEN ESG Protection

Portfolio Factsheet

ACUMEN ESG Protection

Portfolio Brochure

Environmental, Social &

Governance Investing

Tavistock ESG

Investment Policy

Tavistock Wealth Literature

Tavistock Wealth Rolling

12-Month Review

Quarterly Perspectives –

Q1 2020

Quarterly Perspectives –

Q2 2020

Tavistock PROFILES

Brochure

The Who, What, How,

Where & Why of Investing

ACUMEN Capital Protection

Portfolio Brochure

ACUMEN Income-Protection

Portfolio Brochure

Due Diligence

Questionnaire

Protection Portfolio

Availability

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

In March, we made a number of changes to improve the liquidity profile across the portfolios. In fixed income, we reduced exposure to high yield and emerging market debt and increased our allocation to investment grade bonds, which should perform well following the Fed’s announcement that it would start buying corporate bond securities and ETFs. In equities, we switched our satellite allocation from companies involved in the exploration and production of gold into actual physical gold. Having raised cash earlier in the month, we subsequently took advantage of the month-end pick-up in risk sentiment and increased our exposure to global equities. In alternatives, we cut our allocation to US Property, which could come under strain if the commercial mortgage market comes under pressure from a spike in the default rate.

Factsheets

ACUMEN Capital Protection Portfolio

ACUMEN Income-Protection Portfolio

ACUMEN Portfolio 3

(Bond)

ACUMEN Portfolio 4

(Conservative)

ACUMEN Portfolio 5

(Progressive)

ACUMEN Portfolio 6

(Adventurous)

ACUMEN Portfolio 7

(Equity)

ACUMEN Portfolio 8

(Strategic)

ACUMEN Income

Portfolio

Tavistock PROFILE 3

Tavistock PROFILE 4

Tavistock PROFILE 5

Tavistock PROFILE 6

Tavistock PROFILE 7

Tavistock PROFILE 8

Tavistock Income

ACUMEN Portfolio Holdings

ACUMEN Portfolio 3

ACUMEN Portfolio 7

ACPP

ACUMEN Portfolio 4

ACUMEN Portfolio 8

AESGPP

ACUMEN Portfolio 5

ACUMEN Income Portfolio

ACUMEN Portfolio 6

AIPP

GBP Update

Please see below our monthly Sterling chart, showing the month end GBP/USD rate of 1.24, which is below the 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 1.45 by the end of 2022.

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.