Lady Anne's Way - Stage 4 between Hawes and Kirby Stephen
Returns of selected markets over the last week and since 1st January. This week is sorted by the week. Sorted by the last year can be found at the end of this post.
UK Treasury yields fell after poor retail sales, suggesting higher interest rates are starting to bite, or was it just the grotty weather?
JIC Portfolio
The JIC Portfolio is down 11.6 per cent in 2023 v +1.0 per cent for the FTSE All-Share (TR) Index.
For the five years to 18 August, it is up 41.7 per cent. Over the same period, the FTSE All-Share TR Index was up 14.7 per cent.
The AIM All-Share is down 10.7 per cent this year, the FTSE 250 is down 1.7 per cent, and the FTSE Small Cap (Ex Inv Co) is down 1.3 per cent.
As in the past, there will be a time when the Portfolio is up 36 per cent over a twelve-month period. I don’t know when the bear market in small and mid-cap stocks will end; one never does. I hope the recovery begins soon (perhaps once there is confidence that UK interest rates have peaked) and that it starts from the current value of the JIC Portfolio and not lower! See chart below:
JIC Funds' Portfolio
The Funds’ Portfolio is down 5.7 per cent this year v +7.6 per cent for the FTSE All-World (GBP, TR) Index.
It is up 20.8 per cent since inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 34.4 per cent.
Big Movers over the last week
Positives: IG Design was best at +4.9 per cent.
Negatives: Sylvania Platinum was the worst, down 4.0 per cent.
New Three-Month/All-Time Highs last week
Renew Holdings and Howden Joinery.
New Three-Month Lows
Ecora Resources, Hargreaves Lansdown, Next Energy Solar, and Sylvania Platinum.
Last week’s trades, news, and ex-dividends
I added to IG Group, reaching my target 5.0 per cent target weight.
Half-year update from BlackRock World Mining and interim results from Harbour Energy.
Temple Bar Investment Trust went ex-dividend 2.3p.
Upcoming Events and ex-dividends
There is no scheduled news for my holdings next week.
On Thursday, Glencore goes ex a total of 25.5p per share.
Cash Holdings
0.0 per cent in the JIC Portfolio and 0.6 per cent in the Funds' Portfolio.
32.6 per cent of the JIC Portfolio comprises six commodity holdings –down from 32.8 per cent last weekend.
Enjoy the long weekend.
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