Tavistock Wealth Library

OCTOBER 2020

ACUMEN ESG Protection Portfolio

ACUMEN ESG Protection

Portfolio – Innovation Award

ACUMEN ESG Protection

Portfolio Factsheet

ACUMEN ESG Protection

Portfolio Brochure

Environmental, Social &

Governance Investing

Tavistock ESG

Investment Policy

Protection Portfolio Literature

ACUMEN Capital Protection

Portfolio Brochure

Protection Portfolios –

Product Specification

ACUMEN Income-Protection

Portfolio Brochure

Protection Portfolio

Availability

Fund Risk Profiling Report

(ACPP, AIPP & AEPP)

Tavistock Wealth Literature

The Who, What, How,

Where & Why of Investing

Tavistock PROFILES

Brochure

Tavistock Wealth Rolling

12-Month Review

Due Diligence

Questionnaire

Quarterly Perspectives –

Q1 2020

Quarterly Perspectives –

Q2 2020

Quarterly Perspectives –

Q3 2020

Quarterly Perspectives –

Q4 2020

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 October, we made minimal changes across the centralised investment proposition. Within the ACUMEN Portfolios we adjusted our fx exposure by unwinding our Japanese yen currency overlay and a portion of our US dollar hedge. Within the protected portfolios we made one change to our equity allocation, switching our emerging market exposure to a new ETF that tracks the performance of the MSCI Emerging Market Low Carbon SRI Leaders index. This meets the strict criteria laid out in our ESG investment policy and has a larger allocation to China, in-keeping with our current investment outlook. Finally, we made several changes to our model portfolio service. Within fixed income we re-focused our existing investment grade corporate debt exposure into European names whilst in our ESG solution we switched out of short-dated US Treasuries into sustainable development bank bonds. In equities we rotated out of multifactor smart beta and into the MSCI World SRI ETF which provides exposure to companies with high ESG scores. Finally, we took partial profit on our allocation to gold producers and invested the proceeds into a broad-based index of commodities.

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 1.29, 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.