Passive Plus Cautious Portfolio | January 2018 MANAGED PORTFOLIO SERVICE MPS Passive Plus Cautious Portfolio January 2018 1 Mth 3 Mths 6 Mths YTD 1 Yr Passive Cautious Plus Portfolio 1 -0.8 0.5 2.0 -0.8 6.1 WMA Conservative Index² -0.9 1.0 2.6 -0.9 7.0 Relative 0.1 -0.5 -0.6 0.1 -0.9 Cautious Portfolio The portfolio’s objective is to provide outperformance of the Wealth Management Association (WMA) Conservative Index over the medium term. Returns will be generated through both capital growth and income, with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation. Recent Activity Markets continued to rally as various indices reached new all- time highs before easing back. Emerging Markets and the US were the leading drivers in global markets, whilst the UK was the notable faller down 2%. Sterling strength significantly impacted the positive returns from overseas markets especially the US. Government bonds fell 2% across the US and UK whilst corporate bonds were more neutral. Property also struggled falling 2.5%. Global PMI reached a near seven year high signalling above- trend growth in most major economies except China, due to tighter monetary policy and the UK, because of Brexit concerns. The key risks to global growth in 2018 will be monetary policy, dollar strength and political risk. Emerging markets will continue to be sensitive to the strength of the green back. It was another busy month for the US President as Trump became embroiled with North Korea, defended the administration against Wolff’s revelations, the 3-day federal shutdown and a re-emergence of protectionism. Similarly, to the UK, Italy and Germany are set for a period of weak governments. Portfolio Information Portfolio Benchmark WMA Conservative Index 2 Investment Management Charge (p.a) 0.2%+VAT Fund Underlying OCFs 0.28 Estimated Annual Yield 1.80 An Investment Administration Charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception Source: Brewin Dolphin, Morningstar Direct 0 2 4 6 8 10 12 14 16 18 20 May 2016 Nov 2016 May 2017 Nov 2017 WMA Conservative Index Benchmark² (16.3) MPS Passive Plus Cautious Historic Performance (13.9) The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice. Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin’s investment management charge. Deduction of this charge will have the result of reducing the illustrated performance. Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. 1 Inception Date of 11/06/16 (Please note: we can only publish performance data for one year due to the inception date as shown), quoted on an annualised basis. 2 Data for FTSE WMA indices to 28/02/2017. MSCI WMA indices from 01/03/2017. 13.9 16.3
10
Embed
MANAGED PORTFOLIO SERVICE - Brewin Dolphin/media/Files/B/Brewin-Dolphin-Corp-V2/... · MANAGED PORTFOLIO SERVICE ... Janus Henderson UK Absolute Return I Acc ... The opinions expressed
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Passive Plus Cautious Portfolio | January 2018
MANAGED PORTFOLIO SERVICE
MPS Passive Plus Cautious Portfolio
January 2018 1 Mth 3 Mths 6 Mths YTD 1 Yr
Passive Cautious Plus Portfolio1 -0.8 0.5 2.0 -0.8 6.1
WMA Conservative Index² -0.9 1.0 2.6 -0.9 7.0
Relative 0.1 -0.5 -0.6 0.1 -0.9
Cautious Portfolio The portfolio’s objective is to provide outperformance of the Wealth Management Association (WMA) Conservative Index over the medium term. Returns will be generated through both capital growth and income, with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation.
Recent Activity Markets continued to rally as various indices reached new all-time highs before easing back. Emerging Markets and the US were the leading drivers in global markets, whilst the UK was the notable faller down 2%. Sterling strength significantly impacted the positive returns from overseas markets especially the US. Government bonds fell 2% across the US and UK whilst corporate bonds were more neutral. Property also struggled falling 2.5%.
Global PMI reached a near seven year high signalling above-trend growth in most major economies except China, due to tighter monetary policy and the UK, because of Brexit concerns. The key risks to global growth in 2018 will be monetary policy, dollar strength and political risk. Emerging markets will continue to be sensitive to the strength of the green back.
It was another busy month for the US President as Trump became embroiled with North Korea, defended the administration against Wolff’s revelations, the 3-day federal shutdown and a re-emergence of protectionism. Similarly, to the UK, Italy and Germany are set for a period of weak governments.
Portfolio Information
Portfolio Benchmark
WMA Conservative Index2
Investment Management Charge (p.a) 0.2%+VAT
Fund Underlying OCFs 0.28
Estimated Annual Yield 1.80
An Investment Administration Charge is applicable.
Please refer to your investment adviser or investment administrator for details.
Performance Since Inception
Source: Brewin Dolphin, Morningstar Direct
02468
101214161820
May
201
6
Nov
201
6
May
201
7
Nov
201
7
WMA Conservative Index Benchmark² (16.3)
MPS Passive Plus Cautious Historic Performance (13.9)
The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice.
Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin’s investment management charge. Deduction of this charge will have the result of reducing the illustrated performance.
Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. 1Inception Date of 11/06/16 (Please note: we can only publish performance data for one year due to the inception date as shown), quoted on an annualised basis. 2Data for FTSE WMA indices to 28/02/2017. MSCI WMA indices from 01/03/2017.
13.9
16.3
Brewin Dolphin MPS Passive Plus Cautious Portfolio | January 2018
Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: 124444).
Asset Allocation as at 31 January 2018
Statistics
Portfolio Inception Volatility 4.7
Benchmark Inception Volatility 5.7
Inception Information Ratio -0.7
Tracking Error 1.9
Portfolio Management
The management of the portfolio is achieved through Brewin Dolphin’s network of investment professionals. The group’s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels.
The funds selected for the portfolio are taken from the group’s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk.
Passive Plus Income Portfolio1 -0.7 0.9 2.9 -0.7 7.8
WMA Income Index² -0.8 1.2 3.3 -0.8 8.6
Relative 0.1 -0.3 -0.4 0.1 -0.8
Income PortfolioThe portfolio’s objective is to provide outperformance of the Wealth Management Association (WMA) Income Index over the medium term. Returns will be generated through both capital growth and income, with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation.
Recent Activity Markets continued to rally as various indices reached new all-time highs before easing back. Emerging Markets and the US were the leading drivers in global markets, whilst the UK was the notable faller down 2%. Sterling strength significantly impacted the positive returns from overseas markets especially the US. Government bonds fell 2% across the US and UK whilst corporate bonds were more neutral. Property also struggled falling 2.5%.
Global PMI reached a near seven year high signalling above-trend growth in most major economies except China, due to tighter monetary policy and the UK, because of Brexit concerns. The key risks to global growth in 2018 will be monetary policy, dollar strength and political risk. Emerging markets will continue to be sensitive to the strength of the green back.
It was another busy month for the US President as Trump became embroiled with North Korea, defended the administration against Wolff’s revelations, the 3-day federal shutdown and a re-emergence of protectionism. Similarly, to the UK, Italy and Germany are set for a period of weak governments.
Portfolio Information
Portfolio Benchmark
WMA Income Index2
Investment Management Charge (p.a) 0.2%+VAT
Fund Underlying OCFs 0.24
Estimated Annual Yield 2.18 An Investment Administration Charge is applicable.
Please refer to your investment adviser or investment administrator for details.
Performance Since Inception
Source: Brewin Dolphin, Morningstar Direct
0
5
10
15
20
25
May
201
6
Nov
201
6
May
201
7
Nov
201
7
WMA Income Index² (20.8)
MPS Passive Plus Income Historic Performance (18.8)
The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice.
Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin’s investment management charge. Deduction of this charge will have the result of reducing the illustrated performance.
Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. 1Inception Date of 11/06/16 (Please note: we can only publish performance data for one year due to the inception date as shown), quoted on an annualised basis. 2Data for FTSE WMA indices to 28/02/2017. MSCI WMA indices from 01/03/2017.
18.8
20.8
Brewin Dolphin MPS Passive Plus Income Portfolio | January 2018
Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: 124444).
Asset Allocation as at 31 January 2018
Statistics
Portfolio Inception Volatility 5.2
Benchmark Inception Volatility 5.9
Inception Information Ratio -0.6
Tracking Error 1.7
Portfolio Management
The management of the portfolio is achieved through Brewin Dolphin’s network of investment professionals. The group’s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels.
The funds selected for the portfolio are taken from the group’s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk.
Passive Plus Balanced Portfolio1 -0.5 1.0 3.4 -0.5 8.5
WMA Balanced Index² -0.7 1.3 3.7 -0.7 9.2
Relative 0.2 -0.3 -0.3 0.2 -0.7
Balance Portfolio The portfolio’s objective is to provide outperformance of the Wealth Management Association (WMA) Balanced Index over the medium term. Returns will be generated through both capital growth and income, with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation.
Recent Activity Markets continued to rally as various indices reached new all-time highs before easing back. Emerging Markets and the US were the leading drivers in global markets, whilst the UK was the notable faller down 2%. Sterling strength significantly impacted the positive returns from overseas markets especially the US. Government bonds fell 2% across the US and UK whilst corporate bonds were more neutral. Property also struggled falling 2.5%.
Global PMI reached a near seven year high signalling above-trend growth in most major economies except China, due to tighter monetary policy and the UK, because of Brexit concerns. The key risks to global growth in 2018 will be monetary policy, dollar strength and political risk. Emerging markets will continue to be sensitive to the strength of the green back.
It was another busy month for the US President as Trump became embroiled with North Korea, defended the administration against Wolff’s revelations, the 3-day federal shutdown and a re-emergence of protectionism. Similarly, to the UK, Italy and Germany are set for a period of weak governments.
Portfolio Information
Portfolio Benchmark WMA Balanced Index2
Investment Management Charge (p.a) 0.2%+VAT
Fund Underlying OCFs 0.19
Estimated Annual Yield 1.94 An Investment Administration Charge is applicable.
Please refer to your investment adviser or investment administrator for details.
Performance Since Inception
Source: Brewin Dolphin, Morningstar Direct
0
5
10
15
20
25
30
May
201
6
Nov
201
6
May
201
7
Nov
201
7
WMA Balanced Index² (24.5)
MPS Passive Plus Balanced Historic Performance (23.8)
The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice.
Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin’s investment management charge. Deduction of this charge will have the result of reducing the illustrated performance.
Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. 1Inception Date of 11/06/16 (Please note: we can only publish performance data for one year due to the inception date as shown), quoted on an annualised basis. 2Data for FTSE WMA indices to 28/02/2017. MSCI WMA indices from 01/03/2017.
24.5
23.8
Brewin Dolphin MPS Passive Plus Balanced Portfolio | January 2018
Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: 124444).
Asset Allocation as at 31 January 2018
Statistics
Portfolio Inception Volatility 5.5
Benchmark Inception Volatility 6.1
Inception Information Ratio -0.2
Tracking Error 2.0
Portfolio Management
The management of the portfolio is achieved through Brewin Dolphin’s network of investment professionals. The group’s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels.
The funds selected for the portfolio are taken from the group’s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk.
Passive Plus Growth Portfolio1 -0.4 1.4 4.2 -0.4 10.2
WMA Growth Index² -0.6 1.6 4.3 -0.6 10.5
Relative 0.2 -0.2 -0.1 0.2 -0.3
Growth Portfolio The portfolio’s objective is to provide outperformance of the Wealth Management Association (WMA) Growth Index over the medium term. Returns will be generated through both capital growth and income, with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation.
Recent Activity Markets continued to rally as various indices reached new all-time highs before easing back. Emerging Markets and the US were the leading drivers in global markets, whilst the UK was the notable faller down 2%. Sterling strength significantly impacted the positive returns from overseas markets especially the US. Government bonds fell 2% across the US and UK whilst corporate bonds were more neutral. Property also struggled falling 2.5%.
Global PMI reached a near seven year high signalling above-trend growth in most major economies except China, due to tighter monetary policy and the UK, because of Brexit concerns. The key risks to global growth in 2018 will be monetary policy, dollar strength and political risk. Emerging markets will continue to be sensitive to the strength of the green back.
It was another busy month for the US President as Trump became embroiled with North Korea, defended the administration against Wolff’s revelations, the 3-day federal shutdown and a re-emergence of protectionism. Similarly, to the UK, Italy and Germany are set for a period of weak governments.
Portfolio Information
Portfolio Benchmark
WMA Growth Index2
Investment Management Charge (p.a) 0.2%+VAT
Fund Underlying OCFs 0.16
Estimated Annual Yield 2.14 An Investment Administration Charge is applicable.
Please refer to your investment adviser or investment administrator for details.
Performance Since Inception
Source: Brewin Dolphin, Morningstar Direct
05
101520253035
May
201
6
Nov
201
6
May
201
7
Nov
201
7
WMA Growth Index² (28.9)
MPS Passive Plus Growth Historic Performance (28.4)
The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice.
Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin’s investment management charge. Deduction of this charge will have the result of reducing the illustrated performance.
Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. 1Inception Date of 11/06/16 (Please note: we can only publish performance data for one year due to the inception date as shown), quoted on an annualised basis. 2Data for FTSE WMA indices to 28/02/2017. MSCI WMA indices from 01/03/2017.
28.9
28.4
Brewin Dolphin MPS Passive Plus Growth Portfolio | January 2018
Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: 124444).
Asset Allocation as at 31 January 2018
Statistics
Portfolio Inception Volatility 5.8
Benchmark Inception Volatility 6.5
Inception Information Ratio -0.1
Tracking Error 2.5
Portfolio Management
The management of the portfolio is achieved through Brewin Dolphin’s network of investment professionals. The group’s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels.
The funds selected for the portfolio are taken from the group’s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk.
Passive Plus Global Equity Portfolio | January 2018
MANAGED PORTFOLIO SERVICE
MPS Passive Plus Global Equity Portfolio
January 2018 1 Mth 3 Mths 6 Mths YTD 1 Yr
Passive Plus Global Equity Portfolio1 -0.5 1.7 4.7 -0.5 11.8
Global Equity Composite -0.8 1.5 4.8 -0.8 11.7
Relative 0.3 0.2 -0.1 0.3 0.1
Global Equity PortfolioThe portfolio’s objective is to provide outperformance of the Wealth Management Association (WMA) Global Equity Composite Index over the medium term. Returns will be generated through both capital growth and income, with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation.
Recent Activity Markets continued to rally as various indices reached new all-time highs before easing back. Emerging Markets and the US were the leading drivers in global markets, whilst the UK was the notable faller down 2%. Sterling strength significantly impacted the positive returns from overseas markets especially the US. Government bonds fell 2% across the US and UK whilst corporate bonds were more neutral. Property also struggled falling 2.5%.
Global PMI reached a near 7-year high signalling above trend growth in most major economies except for China (tighter monetary policy) and the UK (Brexit concerns). The key risks to global growth in 2018 will be monetary policy, dollar strength and political risk. Emerging markets will continue to be sensitive to the strength of the green back.
It was another busy month for the US President as Trump became embroiled with North Korea, defended the administration against Wolff’s revelations, the 3-day federal shutdown and a re-emergence of protectionism. Similarly, to the UK, Italy and Germany are set for a period of weak governments.
Portfolio Information
Portfolio Benchmark Global Equity Composite
Investment Management Charge (p.a) 0.2%+VAT
Fund Underlying OCFs 0.11
Estimated Annual Yield 2.42 An Investment Administration Charge is applicable.
Please refer to your investment adviser or investment administrator for details.
Performance Since Inception
Source: Brewin Dolphin, Morningstar Direct
0
5
10
15
20
25
30
35
May
201
6
Nov
201
6
May
201
7
Nov
201
7
Global Equity Composite Benchmark² (31.3)
MPS Passive Plus Global Equity Historic Performance (31.4)
The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice.
Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin’s investment management charge. Deduction of this charge will have the result of reducing the illustrated performance.
Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. 1Inception Date of 11/06/16 (Please note: we can only publish performance data for one year due to the inception date as shown), quoted on an annualised basis.
31.4
31.3
Brewin Dolphin MPS Passive Plus Global Equity Portfolio | January 2018
Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: 124444).
Asset Allocation as at 31 January 2018
Statistics
Portfolio Inception Volatility 6.4
Benchmark Inception Volatility 6.9
Inception Information Ratio 0.0
Tracking Error 2.6
Portfolio Management
The management of the portfolio is achieved through Brewin Dolphin’s network of investment professionals. The group’s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels.
The funds selected for the portfolio are taken from the group’s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk.