December 2020

Monthly Portfolio Changes

In December, we made several changes to the portfolios. In equities, we sold our allocation to the US healthcare sector and invested in UK equities which are attractively valued and should benefit from a deal on Brexit, a rebound from overly pessimistic dividend expectations and a rotation towards value sectors of the economy following a noticeable improvement in the economic outlook. We also took profit on our allocation to EM ESG and invested the proceeds into Brazilian equities which tend to perform well against a backdrop of recovering global GDP, low interest rates and a weakening US dollar. We did not make any changes to our investments in fixed income, commodities or property this month.

King Model Portfolio 3

King Model Portfolio 4

King Model Portfolio 5

King Model Portfolio 6

King Model Portfolio 7

King Model Portfolio 8

King Equity Growth

King Income Portfolio

The value of an investment in the King Model portfolios, Acumen Protection Portfolios or ACUMEN Portfolios 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.