Richmond Park yesterday evening
Government bond yields retreated further. Equity markets responded with a good first week of November and the "winter season".
JIC Portfolio
The JIC Portfolio was up 3.2 per cent and is now down 11.4 per cent in 2023 v +2.1 per cent for the FTSE All-Share (TR) Index.
For the five years to 3 November, it is up 45.1 per cent. Over the same period, the FTSE All-Share TR Index was up 23.3 per cent.
The AIM All-Share is down 14.8 per cent this year, the FTSE 250 is down 1.8 per cent, and the FTSE Small Cap (Ex Investment Co) is down 1.9 per cent.
JIC Funds' Portfolio
The Funds’ Portfolio is down 6.2 per cent this year v +8.4 per cent for the FTSE All-World (GBP, TR) Index.
It is up 20.1 per cent since inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 35.3 per cent.
Big Movers over the last week
Positives: IG Design +10.9 per cent, Schroder UK Mid Cap +8.5 per cent, Shoe Zone +8.2 per cent, PayPoint +8.1 per cent, Niox +7.4 per cent, Bloomsbury +6.7 per cent, Hargreaves Lansdown +6.5 per cent, IG Group +6.4 per cent, Nippon Active Value Fund +6.1 per cent and Polar Capital Holdings +5.3 per cent.
Negatives: None!
New Three-Month/All-Time Highs last week
VT Argonaut Absolute Return Fund and IG Design
New Three-Month Lows
Next Energy Solar Fund, Strategic Equity Capital, BlackRock World Mining Trust, Ecora Resources, Fidelity Asian Values, Global X Copper Miners ETF, and Smithson.
Last week’s trades, news, and ex-dividends
I added to my position in PayPoint.
Brooks Macdonald paid its dividend of 47p.
Me Group went ex-dividend 2.97p, Bloomsbury Publishing, 3.7p and Fidelity Asian Values, 14.5p.
Upcoming Events and ex-dividends
Based on last year’s dates, I expect an update from Harbour Energy and RS Group in the next week or so.
Bioventix goes ex-dividend 90p per share on Thursday.
Cash Holdings
0.2 per cent in the JIC Portfolio and 0.9 per cent in the Funds' Portfolio.
34.4 per cent of the JIC Portfolio comprises six commodity holdings – down from 35.3 per cent last weekend.
Enjoy the weekend.
