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Weekend Roundup

Just back from a lovely week in Crete

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.

A nice end to the month, with equity markets making further progress. The US is still leading the way, although Continental European markets were also in fine fettle, helped by encouraging news on inflation.

JIC Portfolio

It was nice to be up (+3.4 per cent) and ahead of the FTSE All-Share (+1.0 per cent) in June – hopefully, the start of a trend!

The JIC Portfolio is down 8.9 per cent in 2023 v +2.6 per cent for the FTSE All-Share (TR) Index.

For the five years to 30th June 2023, it is up 49.8 per cent. Over the same period, the FTSE All-Share TR Index was up 16.5 per cent.

The AIM All-Share is down 9.4 per cent this year, the FTSE 250 is down 2.3 per cent, and FTSE Small Cap is down 1.3 per cent.

JIC Funds' Portfolio

The Funds’ Portfolio is down 4.1 per cent this year v +7.9 per cent for the FTSE All-World (GBP, TR) Index.

It is up 23.0 per cent since inception in July 2020. Over the same period, the FTSE All-World (GBP TR) Index is up 34.6 per cent.

Big Movers over the last week

Positives: Brooks Macdonald +7.5 per cent, IG Design +6.3 per cent, Hargreaves Lansdown +5.6 per cent.

Negatives: Serica Energy -7.1 per cent (but 6.2% was due to it going ex-dividend 14p on Thursday).

New Three-Month/All-Time Highs last week

Brooks Macdonald

New Three-Month Lows

Harbour Energy, NextEnergy Solar Fund, RS Group, Howden Joinery, Sylvania Platinum, BH Macro Fund, Schroder UK Mid Cap, Temple Bar Investments.

Trades and News

Polar Capital Holdings maintained its final dividend at 32p. Serica posted a solid update at its AGM.

No trades in either portfolio.

Ex-dividends and Upcoming Events

Serica Energy went ex-dividend 14p per share on Thursday.

Based on last year, there could be an H1 update from RS Group on Thursday.

Next Thursday, Polar Capital goes ex-dividend 32p per share.

Cash Holdings

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

31.2 per cent of the JIC Portfolio comprises six commodity holdings – down from 31.5 per cent last week.

Enjoy the rest of the weekend.



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