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Under the Bonnet

Alex Savvides and Tom Matthews provide a comprehensive portfolio update for June and the first half of the year. 

  • Alex Savvides
  • Tom Matthews
08 Jul 2019
View PDF   Download PDF  
View PDF   Download PDF  
  • We live in extraordinary financial times - the disparity in valuations between UK value and growth stocks is more marked than during the TMT bubble or Global Financial Crisis.
  • Fear of a ‘no deal’ Brexit rose back up the agenda, with the recently formed Brexit Party now polling ahead of all parties in a recent YouGov survey.
  • Underperformance in the month can be attributed to the Fund’s underweight position in in the bond-like healthcare sector and underperformance in QinetiQ.
     

Disclaimer

Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile

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