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Weekend Roundup

#weekendroundup My favourite chart of the week from Friday's FT

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.

Government bond yields moved up, equities were down, and commodities were down (except for oil). Important numbers out next week, with US August inflation released on Wednesday and UK average earnings on Tuesday. House prices fell again in August. The $US strengthened - now 1.246 v £.

JIC Portfolio

The JIC Portfolio is down 9.4 per cent in 2023 v +3.0 per cent for the FTSE All-Share (TR) Index.

For the five years to 1st September, it is up 44.2 per cent. Over the same period, the FTSE All-Share TR Index was up 21.1 per cent.

The AIM All-Share is down 9.5 per cent this year, the FTSE 250 is up 0.3 per cent, and the FTSE Small Cap (Ex Inv Co) is down 0.8 per cent.

JIC Funds' Portfolio

The Funds’ Portfolio is down 3.7 per cent this year v +9.6 per cent for the FTSE All-World (GBP, TR) Index.

It is up 23.4 per cent since inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 36.8 per cent.

Big Movers over the last week

Positives: Sylvania Platinum +15.7 per cent and Nippon Active Value Fund +6.2 per cent.

Negatives: The worst was Hargreaves Lansdown -3.8 per cent (Falling Price Review coming on Monday).

New Three-Month/All-Time Highs last week

Serica Energy (hurray).

New Three-Month Lows

Bloomsbury, Renew, Shoe Zone, Hargreaves Lansdown, and Ecora Resources.

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

No trades.

Excellent results from Sylvania Platinum, including a forecast-busting 5.0p final dividend.

Ecora Resources published half-year numbers reflecting the difficult comparatives with H1 2022.

Harbour Energy went ex-dividend 9.6p and BlackRock World Mining 5.5p on Thursday.

Upcoming Events and ex-dividends

Brooks Macdonald interims on Thursday.

No ex-dividends next week.

The Niox Group dividend is paid on Friday.

Cash Holdings

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

33.9 per cent of the JIC Portfolio comprises six commodity holdings –up from 33.4 per cent last weekend.

Enjoy the weekend.



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