An amazing recovery since 2010-12. Could the UK do likewise with the right policies?
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.
Another good week for equities – the rally continues. UK gilt yields fell a little while US Treasury yields rose a little. Jobs’ growth in the US still points to a healthy economy. US November inflation numbers are released on the 12th and from the UK on the 20th.
Bitcoin was up another 14%, and gold was down.
It's nice to see more holdings at three-month highs – I’m feeling a little more confident that 26th October was the bottom for small-cap and AIM.
JIC Portfolio
The JIC Portfolio was up 1.4 per cent last week and is now down 10.9 per cent in 2023 v +4.8 per cent for the FTSE All-Share (TR) Index.
For the five years to 1 December, JIC is up 52.3 per cent. Over the same period, the FTSE All-Share TR Index was up 32.6 per cent.
The AIM All-Share is down 11.3 per cent this year, the FTSE 250 is up 2.5 per cent, and the FTSE Small Cap (Ex Investment Co) is down 0.1 per cent.
JIC Funds' Portfolio
The Funds’ Portfolio is down 3.8 per cent this year v +12.8 per cent for the FTSE All-World (GBP, TR) Index.
It is up 23.2 per cent since inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 40.9 per cent.
Big Movers over the last week
Positives: Bloomsbury Publishing +9.5 per cent, IG Group +6.1 per cent, RS Group +5.9 per cent, and Hargreaves Lansdown +5.1 per cent.
Negatives: Nothing down more than 5.0 per cent.
New Three-Month/One Year Highs last week
Nippon Active Value, Strategic Equity Capital, Bioventix, Bloomsbury Publishing, IG Group, and RS Group.
New Three-Month Lows
Me Group, PayPoint and BH Macro Ltd.
Last week’s trades, news, and ex-dividends
I added to my position in PayPoint.
An excellent update from Bloomsbury Publishing and a reassuring update from Serica Energy.
No ex-dividends last week.
Fidelity Asian Values paid its dividend of 14.5p per share.
Upcoming Events and ex-dividends
There are no scheduled announcements for my holdings.
On Thursday, BlackRock Energy & Resources Income goes ex-dividend 1.12p per share, and Polar Capital Holdings goes ex-14p per share.
On Friday, Hargreaves Lansdown pays its dividend of 28.8p.
Cash Holdings
0.2 per cent in the JIC Portfolio and 1.1 cent in the Funds' Portfolio.
33.5 per cent of the JIC Portfolio comprises six commodity holdings – down from 34.1 per cent last weekend.
Enjoy the weekend.
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