Tavistock Wealth Library

September 2019

Tavistock Wealth Literature

Tavistock Wealth Rolling

12-Month Review

Quarterly Perspectives –

Q3 2019

Quarterly Perspectives –

Q4 2019

Currency Hedging –

Why Hedge

Tavistock PROFILES


ACUMEN Capital Protection

Portfolio Brochure

ACUMEN Income-Protection

Portfolio Brochure

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

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Monthly Portfolio Changes

This month we made several changes to the portfolios. In fixed income, we took profit on our broad allocation to emerging market local currency debt and invested the proceeds into Chinese government bonds. The Chinese government is committed to liberalizing its capital markets and the main index providers are just starting to phase Chinese government debt into their benchmarks. In equities, we made changes to our smart beta exposure by rotating towards a broad global multi-factor ETF. We did not make any changes to our investments in commodities and 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 1.21, 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 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.