Investment Line is a regular investment bulletin produced by Mattioli Woods plc. The communication provides an update on funds, highlights some of the areas we are focusing on, and shares our thoughts on the issues of the day.
Our core views remain unchanged with portfolios looking about right given the outlook and current valuations.
Nothing has really shifted here – we are slightly adding to US equities in growth portfolios but this will be focused on value stock opportunities.
The UK looks well placed in relative valuation terms – delays to opening up the economy will be unhelpful but should not prove too detrimental.
The themes offer a breadth of opportunity in areas which should continue to do well even in a challenging environment.
The outlook appears broadly unchanged though the threat of inflation means we continue to discuss the prospects for Treasuries and whether we should switch to the index linked version. For now, no changes.
Allocations remain unaltered – our diversification by sector should provide support.
There will some re-ordering of holdings given the review discussed overleaf. An appropriate blend of protective and novel ideas will be used across the portfolios.
Cash levels remain unchanged.
Investment Line is written and edited by members of the Mattioli Woods Group investment committee and is for information purposes. It is not intended to be an invitation to buy, or act upon the comments made, and all/any investment decisions should be taken with advice, given appropriate knowledge of the investor’s circumstances. The value of investments and the income from them can go down as well as up, and you may not get back the amount invested. Past performance is not a guide to future returns.
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