March 2021

Monthly Portfolio Changes

In March we made several changes to the portfolios. In equities we took profit on our allocation to the quality factor and invested the proceeds into US value which stands to benefit directly from the ongoing equity market rotation. We also took profit on our prior allocation to US technology stocks and partially reduced our exposure to the MSCI World SRI ETF, initiating new positions in Japanese small caps and European oil and gas majors. These new positions help broaden our non-US exposure and should benefit as the economic reopening narrative continues to play out.

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.