Weekend Roundup

#weekendroundup The Ghent altarpiece - well worth a trip!

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

The fear that inflation will stay higher for longer, especially in the US, dominated markets. Geopolitical developments are not helping matters. Commodities were up, bond yields were up, and equities were down, led by Japan and the US. The UK performed relatively well.

JIC Portfolio

The JIC Portfolio was down 1.6% last week, compared to -1.2% for the FTSE All Share. This year JIC is down 0.8% - the FTSE All-Share is up 2.9% this year.

For the five years to 5th April, JIC is up 43.3%. Over the same period, the FTSE All-Share TR Index was up 25.7%.

The AIM All-Share is down 1.9% this year, the FTSE 250 is down 0.5 %, and the FTSE Small Cap (Ex Investment Co) is down 1.8%.

JIC Funds' Portfolio

The Funds’ Portfolio was down 3.0% last week compared to -2.9% for the FTSE All-World (GBP, TR) Index. YTD, the Funds’ Portfolio is up 2.0% v +5.4% for the FTSE All-World.  

More than 5 per cent movers last week.

Positives: None

Negatives: JP Morgan US Smaller Companies -8.6%, Nippon Active Value -8.4%, Polar Capital Technology -5.8%, Hvivo -7.3%, Serica Energy -6.7%, Sylvania Platinum -5.9%, Harbour Energy -5.2%

New Highs last week

Three-month high from Temple Bar, Luceco, and Polar Capital Holdings.

All-time high from Strategic Equity Capital.

New Lows

3-month low from JP Morgan US Smaller Companies.

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

I added a position in L&G Gold Miners ETF in both Portfolios using the available cash.  

On Thursday, the following went ex-dividend: Hvivo 2.0p, JP Morgan American 5.25p, JP Morgan US Smaller Companies 3.0p and Nippon Active Value 1.6p.

Upcoming Events and ex-dividends

None scheduled.

On Thursday, Greggs goes ex 86p and Me Group, 4.4p

On Friday, Bioventix pays its dividend of 68p.

22.4% of the JIC Portfolio comprises five commodity holdings – down from 23.1% last weekend.

Have a super weekend.