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Its Not Harry

Comment and opinion for retail investors in the UK

Portfolios

ESG research tip and some ‘style’ discovery

14th October 2021 by Mark Potter Leave a Comment

In the course of reviewing my own investments, I have just looked at the Jupiter Ecology fund which I rebought recently after a period when I had left it off my short list because of weak performance. A change of manager in early 2021 and a look at some of the holdings in the top 10 had prompted me to give it another run.

The new manager, Jon Wallace, is not known to me as a personality and so I thought I would see what I could find out about him, fitting in with my ongoing project on finding out about manager style. Jupiter has a long track record as an investor in environmentally positive businesses but their ‘old guard’ has now maybe retired and I wanted to get an idea of what the new manager was like.

Of course, he has a little biography published in the fund fact sheet and on the firm’s web site (and he has a very specifically suitable CV) but I wanted to hear him talk, so I looked for videos and found an interview he did with a TV channel I don’t know (ProActive -possibly internet only) about his investment trust – the Jupiter Green Trust.

He won’t necessary run an investmemt trust in the same way is his open ended (OEIC) fund but his answers over a few minutes to a couple of good open questions about how he and Jupiter work allowed me to get some idea of his competence and the way he looks at ESG issues, including what he has absorbed of Jupiter’s established culture as an ESG investor. Jupiter is known to run environmental investing as a major business theme and to have a whole long establised team dedicated to ecloogical issues.

I came away believing all is well and he is on top of his brief in detail (probably because his academic education is on topic), which together with an updated look at a few of the really interesting companies in the top 10 has left me more than comfortable owning this fund.

Of course, I am not recommending the fund to anyone (if that sort of investment interests you, please do your own research) because that is not my role, but I am reporting how I keep an eye on funds I already own, try to uprate my knowledge from time to time and gradually get a feel for what a manager is trying to deliver.

My conclusion to the Digging Deeeper article on manager style is still a work in progress and will be published soon!

Filed Under: Funds, Portfolios, Research tools, Sustainability/ESG

New core article on the site for subscribers!

27th September 2021 by Mark Potter Leave a Comment

In response to feedback, I have written a new article in the ‘How to” series entitled ‘How to Find the ‘next best thing’ and make rational sell decisions (fund switching) (m)‘

It looks at the process of generating ideas for future or updated investments, probably at the sattelite holding level for many and how to make rational decisions about fund switching.

This is a big subject and maybe that’s why I have not addressed it before. The article is only intended to give you a starting point because I believe this is an aspect of investment management where some aptitude or experience is required. I say that because I think I have got slowly better at it over the years.

As always feedback and questions are welcome.

There be no Midweek Musings this week, but my October Watching Brief will be published very soon!

Filed Under: Announcements, Education, Portfolios

Watching Brief – September 2021

1st September 2021 by Mark Potter 2 Comments

Pottering About

We are entering a hazardous time of year for investors, so an ‘accident black spot’ sign has just flashed, as we happily motor along with our portfolios running sweetly and the speedometer reading some 10% above the legal speed limit which seems fine given the conditions.  The speed being our enthusiasm for risk!

According to Investopedia, the (ancient) Dow Jones Industrial Average has declined 0.8% on average in September months since 1956 and the S&P500 (more realistic a measure) has declined 0.5% on average over an unspecified period.  This is said to be a global pattern, not just affecting US markets. In fact, the NASDAQ, established in 1971, has performed much the same.

Autumn is a time for reflection and any final actions in the long run up to Christmas!

In more recent years, September sell offs have been less significant but that might just be because trading is now more dependent on algorithmic decision making and less on human behaviour and the summer holiday season of the Northern Hemisphere!

Does that mean we should be selling equities and sitting on cash (or more cash for most of us)? 

I would suggest that would introduce potential market timing errors, although banking profits, especially if you need a return from your assets to maintain your lifestyle or fund some purchases, must make sense.

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Filed Under: Markets, Members Only, Monthly commentary, Portfolios

Midweek Musings – Miscellany and a mild rant

18th August 2021 by Mark Potter Leave a Comment

With the global news media focusing on events in Afghanistan, financial matters have not been much in the headlines this week, but there have been relevant news items for investors thinking about their asset allocation decisions.

On the former geopolitical drama, I find it incredible that the UK ministers supposedly responsible for UK policy appear to have had no relevant intelligence. By that I mean from the military and also between their ears.

This week I will put under your nose a small selection of news snippets that I think might inform your portfolio reviews and trading decisions.

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Filed Under: Education, Markets, Politics, Portfolios, Rants

Update – little trouble in big China – getting bigger?

27th July 2021 by Mark Potter Leave a Comment

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Filed Under: Asset Allocation, Members Only, Politics, Portfolios

Midweek Musings – little trouble in big China?

14th July 2021 by Mark Potter Leave a Comment

Warning shot?

Or to be more precise – diddy (DiDi) trouble.

If you have not read about the Chinese ride sharing conpany DiDi (like Uber), you may not know that its IPO on the US stock market raised over 4 billion US dollars, but the share price did not fly away from launch. In fact the opposite happened.

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Filed Under: Funds, Members Only, Monthly commentary, Politics, Portfolios

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