Returns of selected markets over the last week and since 1st January. This week is sorted by the last week. Sorted by the last year can be found at the end of this post.
After the partying in December, January starts with a hangover. Volatility up, bond yields up, and equities and commodities down.
After the strong moves of December, a pullback might be expected. However, how the first week of January goes does not necessarily set the scene for the rest of the month, let alone the year. The two charts below show the S&P 500 and FTSE All-Share in 2016. The Index was down over 10 per cent by the 20th of January but ended the year up 12 per cent. It was a similar story for the FTSE All-Share.
S&P 500 in 2016
FTSE All-Share 2016
JIC Portfolio
The JIC Portfolio was down 2.2 per cent last week v -0.8 per cent for the FTSE All Share.
For the five years to 5th January, JIC is up 61.7 per cent. Over the same period, the FTSE All-Share TR Index was up 34.4 per cent.
The AIM All-Share is down 1.9 per cent this year, the FTSE 250 is down 2.4 per cent, and the FTSE Small Cap (Ex Investment Co) is down 1.2 per cent.
JIC Funds' Portfolio
The Funds’ Portfolio was down 1.6 per cent last week. The FTSE All-World (GBP, TR) Index was down 1.5 per cent.
The Funds’ Portfolio is up 27.3 per cent since inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 42.2 per cent.
Big Movers over the last week
Positives: None.
Negatives: Shoe Zone -6.6 per cent, Serica Energy -5.78 per cent, Smithson Investment Trust -5.4 per cent and Sylvania Platinum -5.5 per cent.
New Three-Month/One Year Highs last week
Bioventix, IG Design, Polar Capital Holdings, Harbour Energy, Fidelity Asian Values, Schroder UK Mid Cap, Polar Capital Global Healthcare, Fundsmith and Nippon Active Value Fund.
New Three-Month Lows
Me Group International.
Last week’s trades, news, and ex-dividends
No trades.
No news.
On Friday, RS Group paid its dividend.
Upcoming Events and ex-dividends
Shoe Zone results are on Tuesday.
On Thursday, Ecora Resources goes ex-dividend 2.25 USCents per share.
On Friday, Polar Capital Holdings pays its dividend of 14p per share.
Cash Holdings
0.0 per cent in the JIC Portfolio and 0.4 per cent in the Funds' Portfolio.
32.7 per cent of the JIC Portfolio comprises six commodity holdings – down from 33.2 per cent last weekend.
Have a great weekend.
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