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.
Markets ended August in a more positive mood. Equities performed well, as did commodities buoyed by news that China was attempting to stimulate its economy. Government bond yields fell on both sides of the Atlantic as belief grew that interest rates were close to or at their peak.
Oil ended the week at its highest since last December.
The JIC Portfolio is down 9.1 per cent in 2023 v +2.9 per cent for the FTSE All-Share (TR) Index.
For the five years to 1st September, it is up 43.3 per cent. Over the same period, the FTSE All-Share TR Index was up 18.7 per cent.
The AIM All-Share is down 9.8 per cent this year, the FTSE 250 is up 0.6 per cent and the FTSE Small Cap (Ex Inv Co) is down 0.2 per cent.
JIC Funds' Portfolio
The Funds’ Portfolio is down 4.0 per cent this year v +9.8 per cent for the FTSE All-World (GBP, TR) Index.
It is up 22.9 per cent since inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 37.1 per cent.
Big Movers over the last week
Positives: Harbour Energy +8.4%, Serica Energy +6.7%, RS Group +5.9%, Polar Capital Holdings +5.2%, Ecora Resources +5.1% and Global X Copper miners ETF +5.0%.
Negatives: IG Design -5.0%.
New Three-Month/All-Time Highs last week
VT Argonaut Absolute Return Fund
New Three-Month Lows
Nippon Active Value Fund
Last week’s trades, news, and ex-dividends
There was no news from my holdings.
Glencore went ex-dividend a total of 23.9p on Thursday.
Upcoming Events and ex-dividends
Ecora Resources H1 results on Tuesday.
On Thursday, Harbour Energy goes ex-dividend at 9.4p per share and BlackRock World Mining, 5.5p.
0.5 per cent in the JIC Portfolio and 0.5 per cent in the Funds' Portfolio.
33.4 per cent of the JIC Portfolio comprises six commodity holdings –up from 32.6 per cent last weekend.
Enjoy the weekend.