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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.


Walking the Herriot Way


The Federal Reserve increased interest rates by 0.25% to the highest in 22 years. The Bank of England is likely to follow suit this Thursday.

US 10-Year Treasury yield heads back up to 4.0%.

We are nearing the end of the rate hiking cycle.


JIC Portfolio

The JIC Portfolio is down 7.8 per cent in 2023 v +5.2 per cent for the FTSE All-Share (TR) Index.

For the five years to 21 July 2023, it is up 46.8 per cent. Over the same period, the FTSE All-Share TR Index was up 18.6 per cent.


The AIM All-Share is down 6.9 per cent this year, the FTSE 250 is up 3.4 per cent, and FTSE Small Cap is up 2.8 per cent.


JIC Funds' Portfolio

The Funds’ Portfolio is down 1.7 per cent this year v +10.3 per cent for the FTSE All-World (GBP, TR) Index.

It is up 26.0 per cent since its inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 37.3 per cent.


Big Movers over the last week


Positives: Serica Energy and Global X Copper Miners were the best at +4.7 and +4.8 per cent, respectively.

Negatives: The worst was Hargreaves Lansdown at -5.8 per cent.


New Three-Month/All-Time Highs last week

IG Group, Glencore, Harbour Energy, Howden Joinery, Strategic Equity Capital and Global X Copper Miners.

New Three-Month Lows

IG Design.


Trades and News

An encouraging update from Unilever, a slightly disappointing update from Ecora Resources and solid updates from Sylvania Platinum and RS Group.

I added to my position in IG Design.


Ex-dividends and Upcoming Events

Based on last year, results from SDI Group are imminent.

Bloomsbury went ex-dividend 10.34p on Thursday.

Dividend payments were received from Serica Energy, Ecora Resources and Polar Capital.

On 3 August, Polar Capital Global Healthcare goes ex-dividend 1.0p per share and Unilever, 37p.


Cash Holdings

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

32.2 per cent of the JIC Portfolio comprises six commodity holdings –down from 32.4 per cent last week.


Enjoy the weekend.







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