Round up of quarterly growth rates of the fund for this month: 18/12/2020 - 32.83%
25/12/2020 - 30.27%
01/01/2021- 24.99%
08/01/2021 - 27.154%
15/01/2021 - 11.568%
Strong returns this month with the fund consistently matching or beating the FTSEAS +/- 3%.
BREAKING: The U.K. leaves the European Union's single market and customs union, marking the start of a new, post-Brexit relationship with the bloc https://t.co/MYpuruVdCD
WATCH: From @Breakingviews – HSBC’s pivot to Asia needs a shot in the arm in 2021. Offloading its U.S. retail business and spinning off its UK unit would help the bank, says Jennifer Hughes #BVPredictions2021
With Brexit negotiations on their final legs, any significant announcements over the next week or so are likely to cause large fluctuations in UK asset prices as investors worry about the implications of the deal or no deal on trade. #ES20070#group37#investment#Brexit
#HSBC welcomes the UK / Singapore Free Trade Agreement which will provide certainty to businesses involved in cross-border trade between the two nations, and further elevate Singapore as a regional hub for our wholesale and wealth customers across South Asia. #trade
Quick round up of our fund for the past month in terms of quarterly growth:
6/11/2020 = 52.82%
13/11/2020 = 24.01%
20/11/2020 = 15.74%
27/11/2020 = 44.408%
4/12/2020 = 43.90%
11/12/2020 =14.381%
#ES20070#Group29#Balancedtrendfund
Our Final Report will be out on the 14th of December which will include info on our asset choices and portfolio performance among other things #ES20070#Group29#balancedtrendfund
Rebalancing: after selling 4 assets and stopping one short, #Group29 used this capital to purchase Royal Dutch Shell, Lloyd's Banking, BHP Group and Cooperative Group's corporate bonds. #ES20070
Rebalancing cont. on 23/11/2020 #Group29 sold all Paragon Group corporate bonds and Gold due to more confidence in the market, and gold expected to slowly fall because of vaccine news
Due to recent market activity and news of a vaccine, as part of our rebalancing #Group29 has decided to sell the short position on TUI on 23/11/2020, to avoid further loses. #ES20070
Despite market instability, #Group29 fund has been performing at a quarterly growth rate of 44.0%, on the heels of the FTSEAS growth rate of 45.75%. This performance fits within our target of matching the FTSE All Share +/-2% quarterly #ES20070