Tavistock Wealth Library

December 2019

ACUMEN ESG Protection Portfolio

ACUMEN ESG Protection

Portfolio Factsheet

ACUMEN ESG Protection

Portfolio Brochure

Environmental, Social &

Governance Investing

Tavistock ESG

Investment Policy

Tavistock Wealth Literature

Tavistock Wealth Rolling

12-Month Review

Quarterly Perspectives –

Q4 2019

Quarterly Perspectives –

Q1 2020

Tavistock PROFILES


ACUMEN Capital Protection

Portfolio Brochure

ACUMEN Income-Protection

Portfolio Brochure

Due Diligence


Dynamic Planner Literature

Research Note


Fund Risk Profiling Report







History of the UK

Stock Market (1925 – 2018)

5 Years Avoiding the Storm:

Stick or Twist?

Market Update:

October 2018

He Who Recommends it

Shall be Liable for it

For more publications please click here

Monthly Portfolio Changes

In December, we made changes to the equity allocation across the portfolios. We purchased a new position in mid-cap UK equities via the iShares FTSE 250 ETF and sold our thematic position in companies exposed to the global water industry. The polls had been pointing to a Conservative victory in the run-up to the election and UK equities remained significantly undervalued, offering considerable upside potential. We did not make any changes to our investments in fixed income, commodities or property this month.


ACUMEN Capital Protection Portfolio

ACUMEN Income-Protection Portfolio

ACUMEN Portfolio 3


ACUMEN Portfolio 4


ACUMEN Portfolio 5


ACUMEN Portfolio 6


ACUMEN Portfolio 7


ACUMEN Portfolio 8




Tavistock PROFILE 3

Tavistock PROFILE 4

Tavistock PROFILE 5

Tavistock PROFILE 6

Tavistock PROFILE 7

Tavistock PROFILE 8

Tavistock Income

GBP Update

Please see below our monthly Sterling chart, showing the month end GBP/USD rate of 1.33, which is below the 5, 10 and 20-year averages. The chart also highlights Sterling’s purchasing power parity (PPP) as well as Capital Economics’ forecast for a return to 1.45 by the end of 2020.

The value of an investment in the Protection Portfolios, ACUMEN Portfolios or Tavistock PROFILES may fall as well as rise. Past performance should not be seen as an indication of future performance. Source of data: Tavistock Asset Management Limited, Thomson Reuters and Lipper for Investment Management unless otherwise stated.