King MODEL PORTFOLIO Factsheets
Monthly Portfolio Changes
In July we made several changes to the ACUMEN Portfolios. In equities we sold our allocation to European oil and gas majors and Japanese small cap companies and increased our exposure to global ‘quality’ stocks with strong and stable earnings and a new position providing exposure to the US healthcare sector. This is consistent with our decision to rein-in our ongoing preference for cyclical stocks exposed to the reopening narrative. We also sold our allocation to Chinese technology companies which has continued to suffer from ongoing geopolitical tension and regulatory crack-down by the Chinese communist party.
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.