This portfolio is the one that was built to conclude the series of articles for subscribing members about portfolio construction techniques. It now has a 3 month track record (to July 31st) – not long enough to draw any sensible conclusions but I did promise to report on how it was working!
It was designed to allow regular and ad hoc withdrawals and has a bias to defensive assets with some adventurous satellite elements in classic ‘NotHarry’ style.
On this page you can access a chart summarising the components. This links also allows you to see the commentary explaining the portfolio design as well, but the articles explaining the portfolio build process are reserved for subscribing members.
Morningstar show total returns of 0.68% over the 3 months, slightly behind a benchmark of a GB Cautious Allocation, which I think is the most appropriate.
However, the Morningstar result excludes the Guinness Global Innovators fund which does not subscribe to their services. That made over 5% in the 3 month period and is 10% of the allocation, so would have pushed the return up to 1.18%, well ahead of the benchmark.
I would not be altering the portfolio at this early stage and returns are coming out as I would expect.
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