BE Capital Management

An Active Balanced Fund with an ethical focus to generate sustainable returns!

[BE Capital Management @BECapManagement]

Final Fund Performance:
Our fund grew steadily and preserved returns as expected. Leaving us with annualised performance of 19.5%.
However, we underestimated the rise of the FTSEAS, leaving us with performance below our target of +4% over All-Share.

Final: +1.67% over FTSEAS

[BE Capital Management @BECapManagement]

Rebalancing:

Reducing our equity percentage by 25%, and redistributing this into bonds and gold.

After rebalancing, as of 3rd December:

Net +17.286% over FTSEAS

Well above target leading to preservation of returns and minimization of risk. #ES20070

[BE Capital Management @BECapManagement]

Today we will be posting our fund performance over time!

26th of November (day of first rebalance):

+25.061 Net of FTSEAS

Rebalancing- sold all of National Grid, we made an unexpected capital gain on a high dividend yielding stock, therefore we decided to sell. #ES20070

[BE Capital Management @BECapManagement]

As an ethical fund, we greatly support working towards Net-Zero emissions targets. All our equities have credible Net-Zero emissions plans in place!

#ES20070

[The Economist @TheEconomist]

In 2022, the chances of the world hitting its net-zero targets will still be remote, but grid designs, investment incentives and fiscal plans may be in better shape https://t.co/QtbH3OcKwp

[BE Capital Management @BECapManagement]

Happy New Year from everyone at BE Capital Management!

#ES20070

[BE Capital Management @BECapManagement]

Perhaps the Brexit forecasts weren't correct??

In reality, the pandemic has clouded the short term effects of Brexit. We expect the UK to fall back into forecasts soon.

#ES20070

[Back Boris 2023 @BorisFor2023]

🚨 - HSBC & Goldman Sachs have Joined the CEBR in announcing that the UK 🇬🇧 is outpacing the G7's Growth and leading the recovery in Europe.

https://t.co/DsOhH9MYdB

[BE Capital Management @BECapManagement]

Which major macroeconomic trend do you factor into your investments the most?

[BE Capital Management @BECapManagement]

Signs of recovery in the hospitality industry, however another lockdown may set back the recovery by months.

A lockdown may be imminent, or at the least, new restrictions in hospitality. This uncertainty is why we chose to not hold hospitality stocks. #Omicron

[BBC News (UK) @BBCNews]

Spider-Man: No Way Home becomes first pandemic-era film to top $1bn https://t.co/dw3mbcLS3V

[BE Capital Management @BECapManagement]

Happy Holidays to all!!

#ES20070

[BE Capital Management @BECapManagement]

Confirmed Rebalancing:
We have decided to preserve returns and mitigate the majority of our risk, while maintain a diversified position.
Therefore, we have reversed our weightings. 70% bonds, gold and cash and 30% equity. We also sold our National Grid position as of Nov 26th.

[BE Capital Management @BECapManagement]

@GreenGiantFund Impressive returns from the green giants

[BE Capital Management @BECapManagement]

Following this article and growing importance of ESG standards, which element holds most importance to you? https://t.co/m6qRpZyJle

[BE Capital Management @BECapManagement]

Do you consider whether a company has a carbon net zero target when choosing investments?

[BE Capital Management @BECapManagement]

Surprise defeat for the Government, perhaps showing a shift in support amongst the general public.
The political outlook in the UK is hard to call at the moment in the medium term. However, the short term outlook is very much stable, with 3 years until the next General Election.

[BBC Politics @BBCPolitics]

Boris Johnson urged to make changes after by-election defeat

https://t.co/ZEVdXxi8Oi

[BE Capital Management @BECapManagement]

Annualised Fund Performance up to the 26th November (prior to rebalancing):
Fund: +23.597%
Net return over FTSE All-share: +24.987%

Strong return so far due lockdown fears, as a fund we are aiming to consolidate initial returns and minimise future risk.
#ES20070

[BE Capital Management @BECapManagement]

Do you consider whether a company is ethical when you invest?

#ES20070

[BE Capital Management @BECapManagement]

ECB holding off on interest rate rise, but not extending COVID relief highlights a slight hawkish shift in policy.

This aligns more strongly with the FED, however, we expect the FED to hike rates and taper QE faster than their European based counterparts.

#ES20070

[Reuters @Reuters]

Dollar on back foot after hawkish tilts by BoE, ECB https://t.co/IZo3Niuigh

[BE Capital Management @BECapManagement]

The Bank of England finally increased interest rates today. Were you surprised?

As a fund, we believe it is the correct choice. However, we were surprised the hike came today rather than in the early part of 2022.

#ES20070

[BE Capital Management @BECapManagement]

Interesting take on the possible emergence of digital sovereign currency...

[Bank for International Settlements @BIS_org]

Beware the “myth of decentralisation”, as #DeFi cannot escape some centralised governance. In addition, #Blockchain consensus mechanisms tend to concentrate power in the hands of large coin-holders #BISQuarterly https://t.co/SGMvXmAIUt

[BE Capital Management @BECapManagement]

As consumers become more aware of issues such as sustainability. Companies need to consider their ESG exposure to a greater extent and find ways to eliminate negative footprint.

[Businessweek @BW]

Pre-loved fashion is on the rise as old clothes find new wearers through global technology platforms https://t.co/YriSy5MIZw