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JIC Weekend Roundup

Returns of selected markets over the last week and since 1st January. This week is sorted by the week. Sorted by the last year can be found at the end of this post.

The Bank of England raised rates by 0.25 per cent. Hopefully, further progress on inflation will mean that’s it for now, even if they stay higher for longer.

Government Bond yields rose on both sides of the Atlantic.

Brent crude hit its highest price since April at $86 per barrel.

JIC Portfolio

The JIC Portfolio is down 8.2 per cent in 2023 v +3.7 per cent for the FTSE All-Share (TR) Index.

For the five years to 21 July 2023, it is up 47.4 per cent. Over the same period, the FTSE All-Share TR Index was up 17.6 per cent.

The AIM All-Share is down 7.2 per cent this year, the FTSE 250 is up 2.4 per cent, and FTSE Small Cap is up 2.6 per cent.

JIC Funds' Portfolio

The Funds’ Portfolio is down 2.3 per cent this year v +8.7 per cent for the FTSE All-World (GBP, TR) Index.

It is up 25.2 per cent since its inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 35.7 per cent.

Big Movers over the last week

Positives: Serica Energy was up 8.7 per cent, and IG Design, +3.5 per cent.

Negatives: SDI Group fell 9.6 per cent, Hargreaves Lansdown -7.5 per cent and IG Group -4.9 per cent.

New Three-Month/All-Time Highs last week

Harbour Energy, Blackrock Energy & Resources Income, Strategic Equity Capital, and Global X Copper Miners.

New Three-Month Lows

BH Macro, Renew Holdings and SDI Group.

Last week’s trades, news, and ex-dividends

No news from any of my positions and no trades.

Unilever went ex a quarterly dividend of 36.0p per share, and Polar Capital Healthcare went ex 1.0p on Thursday.

Upcoming Events and ex-dividends

Results from SDI Group and Glencore on Tuesday.

A dividend payment was received from Schroder UK Mid Cap.

No ex-dividends on Thursday.

Cash Holdings

0.2 per cent in the JIC Portfolio and 0.3 per cent in the Funds' Portfolio.

32.8 per cent of the JIC Portfolio comprises six commodity holdings –up from 32.2 per cent last week.

Enjoy the weekend.

From John Sepak's daily email on Bloomberg. I hope he is correct.



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