King MODEL PORTFOLIO Factsheets
Monthly Portfolio Changes
In March we made several changes to the ACUMEN Portfolios. Within equities we reduced our exposure to logistic service providers and ecommerce based technology firms switching into global mining firms, given their high cash flows and their high beta exposure to underlying commodities. Within our fixed income holdings, we made a tactical adjustment to the duration of the government bond holdings in the portfolios. We increased both the duration of our nominal and inflation protection US government debt given the sharp rise in yields that we mitigated portfolio exposure to in the first quarter.
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 Asset Management, Thomson Reuters and Lipper for Investment Management unless otherwise stated.