ACUMEN ESG Protection Portfolio
Tavistock Wealth Literature
Monthly Portfolio Changes
In June, we made several changes to the portfolios. In fixed income, we increased our overweight exposure to US investment grade credit, which should continue to benefit from ongoing Fed purchases. In equities, we added an allocation to Chinese technology companies, which diversifies our overweight position to global technology. We also made changes to our core smart beta equity allocation, by reducing the regional multifactor strategy and increasing ‘quality’ via a new position in ‘ESG’, which is an acronym used to describe companies with exposure to environmental, societal and good corporate governance standards. Within our commodity carve-out, we added copper to our higher risk funds. We did not make any changes to our investments in property this month.
ACUMEN Portfolio Holdings
Please see below our monthly Sterling chart, showing the month end GBP/USD rate of 1.24, which is below the 1, 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 2022.
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.