Tavistock Wealth Library

SEPTEMBER 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 September, we made several changes to the portfolios. In fixed income, we sold development bank bonds and UK corporate bonds and switched our existing exposure to EUR corporate bonds into an alternative solution that excludes corporations that do not meet strict criteria concerning socially responsible investing. This ETF has delivered superior returns over time and should benefit from future ECB bond buying programs. We also switched our emerging market exposure from hard currency corporates to Chinese local currency government bonds given attractive yields and plans for large scale inclusion in global bond indices. In equities, we took profit on our allocation to South Korean equities, where valuations looked stretched, and we also reduced our exposure to smart beta by selling our US multifactor position. We invested the proceeds into US and Chinese technology companies and topped up our existing allocation to US healthcare stocks. Finally, within our commodity carve-out, we sold our position in coffee. We did not make any changes to our investments in property this month.

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.