Tavistock Wealth Library
ACUMEN ESG Protection Portfolio
Protection Portfolio Literature
Tavistock Wealth Literature
Monthly Portfolio Changes
In December, we made several changes to the portfolios. In equities, we sold our allocation to the US healthcare sector and invested in UK equities which are attractively valued and should benefit from a deal on Brexit, a rebound from overly pessimistic dividend expectations and a rotation towards value sectors of the economy following a noticeable improvement in the economic outlook. We also took profit on our allocation to EM ESG and invested the proceeds into Brazilian equities which tend to perform well against a backdrop of recovering global GDP, low interest rates and a weakening US dollar. We did not make any changes to our investments in fixed income, commodities or property this month.
ACUMEN Portfolio Holdings
Please see below our monthly Sterling chart, showing the month end GBP/USD rate of 1.29, 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.