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Weekend Roundup - Another quarter ends - whisper it quietly, the UK equity market outperformed in Q3

Looking north from Mallorca #weekendroundup


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.


At the bottom of this diary entry, the table below is ranked by returns since 30th June.

US Treasury and UK gilt yields rise further. The S&P 500 has its worst month this year. Another quarter ends—September review early next week.


JIC Portfolio

The JIC Portfolio is down 8.8 per cent in 2023 v +4.5 per cent for the FTSE All-Share (TR) Index.

For the five years to 22 September, it is up 40.4 per cent. Over the same period, the FTSE All-Share TR Index was up 19.7 per cent.


The AIM All-Share is down 11.4 per cent this year, the FTSE 250 is down 0.5 per cent, and the FTSE Small Cap (Ex Investment Co) is up 0.7 per cent.


JIC Funds' Portfolio

The Funds’ Portfolio is down 3.2 per cent this year v +8.8 per cent for the FTSE All-World (GBP, TR) Index.

It is up 24.0 per cent since inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 35.8 per cent.


Big Movers over the last week


Positives: IG Design was the best, up 4.7 per cent.


Negatives: Niox -8.0 per cent, Hargreaves Lansdown -6.3 per cent and Polar Capital -5.3 per cent.


New Three-Month/All-Time Highs last week

IG Design and Nippon Active Value Fund.

New Three-Month Lows

Bloomsbury Publishing, Shoe Zone, Bloomsbury, Renew Holdings, Fundsmith, Strategic Equity Capital and Smithson.


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


Sold Brooks Macdonald and increased Hargreaves Lansdown to 5.0 per cent target.

Niox H1 results showed robust growth and cash flow but no upgrades to full-year forecasts.

On Thursday, Ecora Resources went ex-dividend 2.125 US cents per share and BlackRock Energy & Resources Income, 1.1p.

NextEnergy Solar Fund and Temple Bar dividends were paid on Friday.


Upcoming Events and ex-dividends

Nothing is scheduled for next week.

No ex-dividends next week.

BlackRock World Mining dividend is paid on Friday.


Cash Holdings

0.7 per cent in the JIC Portfolio and 0.7 per cent in the Funds' Portfolio.

37.3 per cent of the JIC Portfolio comprises six commodity holdings – up from

36.6 per cent last weekend.


Enjoy the weekend.











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