Monthly Update 31/10/2021
Monthly Update31 October 2021 Equity markets were mixed during the period. The US equity market was stron g, helped by a strong return from the large technology stocks which now dominate the S&P 500 in terms of market capitalisation. Europe also performed strongly, as well as Emerging markets, the latter benefiting as Asian markets rebounded […]
Monthly Update 30/09/2021
Monthly Update30 September 2021 The Fund fell 0.6% in September, behind its performance comparator of cash (as measured by the Bank of England’s Sterling Overnight Index Average (“SONIA”)) + 5%, which rose by 0.41%. September saw some nervousness returning to the UK stock market, with talk of rising inflation moving on to talk of monetary […]
Monthly Update 30/09/2021
Monthly Update30 September 2021 The Fund rose marginally during the month, returning 0.07%. This represented outperformance of the IA Flexible Investment sector average, which posted a -1.11% return. Equity markets were generally negative during the month, the exception to the rule being Japan. Concerns over supply bottlenecks, shortages in an increasing number of goods and […]
Monthly Update 31/08/2021
Monthly Update31 August 2021 The Fund rose by 1.55% in August, ahead of its performance comparator of cash (as measured by the Bank of England’s Sterling Overnight Index Average (“SONIA”)) + 5%, which rose by 0.43%. August was a good month for the Fund, rising by just over 2% in the first fortnight before pulling […]
Monthly Update 31/08/2021
Monthly Update31 August 2021 Buoyant equity markets helped the fund rise by 1.75% during the month. UK equities were one of the strongest performing, in particular mid and small cap stocks, which are more dependent on the domestic economy. Japanese equities also rebounded after a weak July. Within UK fixed income markets gilts were negative […]
Coupon Clipping
Coupons Clipped 18 August 2020 Within the MI Diversified Strategy Fund you will typically find an allocation to structured notes. We like these investments as they give a part of our portfolio definition, whereby at particular market levels we know the return which they should deliver. Whilst their performance is determined by their underlying indices, […]
Monthly Update 31/07/2021
Monthly Update31 July 2021 The Fund fell by 0.17% in July, compared to its performance comparator of cash (as measured by the Bank of England’s Sterling Overnight Index Average (“SONIA”)) + 5%, which rose by 0.42%. July proved to be a topsy-turvy month for the Fund, with a positive performance in the first half of […]
Monthly Update 31/07/2021
Monthly Update 31 July 2020 The Fund fell -0.38% during the month, underperforming the IA Flexible Investment sector average return of 0.15%. The performance of equity markets was mixed during the period. The UK market was generally flat, but stocks more closely linked to the domestic economy, such as mid and small cap companies, were […]
Monthly Update 30/06/2021
Monthly Update30 June 2021 The Fund rose 0.42% in June, on a par with its performance comparator of cash (as measured by the Bank of England’s Sterling Overnight Index Average (“SONIA”)) + 5%, which rose by 0.45%. After a good start to the month, receding fears about inflation around the globe led to a weakening […]
Monthly Update 30/06/2021
Monthly Update30 June 2021 The Fund returned 1.12% during the month, underperforming the IA Flexible Investment sector average return of 1.96%. Equity markets were generally positive during the month when measured in their local currencies. The US led the way as technology stocks recovered some of their lost ground, helped by a fall in Treasury […]
