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.
We are making a few changes to portfolios, though there is no change of direction or fundamental views.
Little change here – we are further trimming India in higher risk portfolios as both short- and long-term doubts continue to trouble investors. We introduce European equities lower down the risk spectrum for the first time.
The UK seems to be progressing well with its vaccination programme and the opening of the economy will not be smooth but is certainly encouraging.
We continue to add to the environment exposure in some portfolios, with recent price falls presenting an opportunity.
No substantial moves here despite the chatter around inflation and rates. We are reducing Treasuries for some cautious investors given the size of allocations, but no comprehensive change is being undertaken.
Allocations remain unchanged – our diversification by sector should provide support.
As we reported last month, we are continuing to review and restructure our options to optimise risk-adjusted returns.
Cash remains unchanged for most though lower down the risk spectrum we have reduced (a relatively high position) in favour of UK equities.
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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