Personal Portfolio Funds UK
QUARTERLY FOCUS
The Personal Portfolio Funds (PPF) invest in a range of asset classes such as cash, bonds and equities and offer a number of different risk profiles.
Second Quarter 2019
Fund
PERFORMANCE
The Personal Portfolio Funds (PPF) invest in a range of asset classes such as cash, bonds and equities and offer a number of different risk profiles.
They are a simplified representation of our long-term investment house view. These five funds are actively managed but are largely implemented through passive funds. The range of risk profiles enables investors to choose among the funds depending on individual objectives and appetite for risk.
| PPF 1 | Cautious (Lower risk) |
Mostly bonds (at least 70%) |
| PPf 2 | Conservative (Lower - Medium risk) |
Mostly bonds (at least 50%), some equity |
| PPf 3 |
Balanced (Medium risk) |
Equities (at least 45%) and bonds |
| PPf 4 |
Assertive (Medium-Higher risk) |
Mostly equities (at least 65%), some bonds |
| PPf 5 |
Adventurous (Higher risk) |
Mostly equities (at least 90%), minor cash allocation |
Spotlight on
Asset Allocation
- We have trimmed equity exposure in favour of cash. In the highly mobile markets seen over recent months, a higher cash allocation provides flexibility to take advantage of any opportunities that arise.
- We increased our investment in European stocks slightly this quarter. The continent’s economy grew in the first three months of the year, benefitting from supportive central bank policies – particularly a more accommodative European Central Bank – and stimulus in China. While challenges remain, this has improved the outlook for the region.
- All funds increased exposure to longer duration gilts – except for PPF5 which doesn’t hold bonds – and have benefitted from subsequent gains
Performance
table
Fund |
Last quarter |
June 17 to June 18 |
June 18 to June 19 |
|---|---|---|---|
Personal Portfolio Fund 1 - Lower Risk |
1.8% |
1.8% |
3.9% |
Personal Portfolio Fund 2 - Lower/Medium Risk |
2.7% |
3.4% |
4.6% |
Personal Portfolio Fund 3 - Medium Risk |
3.3% |
4.8% |
4.8% |
Personal Portfolio Fund 4 - Medium/Higher Risk |
4.1% |
6.2% |
5.3% |
Personal Portfolio Fund 5 - Higher Risk |
4.9% |
8.2% |
5.5% |
| *The returns are derived from the Fund net asset values (NAV) and are quoted net of all fees paid from within the Fund, which include the on-going charges figure (OCF) and transaction charges but do not include the platform fees or any potential one-off charges (e.g. advice fees or dilution levy). | |||
Past performance should not be taken as a guide to future performance.
The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment.
The value of investments and any income from them can go down as well as up, and you may not recover the amount of your original investment. Where an investment involves exposure to a foreign currency, changes in rates of exchange may cause the value of the investment, and the income from it, to go up or down.
In the case of some investments, they may be illiquid and there may be no recognised market for them and it may therefore be difficult for you to deal in them or obtain reliable information about their value or the extent of the risks to which they are exposed.
Investments in emerging markets are subject to certain special risks, which include, for example, a certain degree of political instability, relatively unpredictable financial market trends and economic growth patterns, a financial market that is still in the development stage and a weak economy.
Latest News
and Insights
-
US election result – what it means for our clients’ investments | Insights | Coutts
06-Nov-2024
Donald Trump has been re-elected President of the United States. Following this result, our investment strategy remains committed to prioritising long-term economic fundamentals.
-
Silicon valley bank collapse | Insights | Coutts
15-Mar-2023
With Silicon Valley Bank collapsing and the banking sector shaken, how bad is it for investors? In our view, not as bad as you might think. But it could impact interest rates in the all-important US.
-
New tax year, new tax changes | Insights | Coutts
27-Feb-2023.jpg.rendition.1024.320.jpg "EMGHY4")
As the new tax year approaches, you might want to know about possible changes to what you’ll pay in tax. In his Autumn Statement last November, Chancellor Jeremy Hunt announced a series of tax freezes and adjustments. While there are no personal tax rises, the fact that some rates have been frozen following a year of rising prices means we’re likely see more people fall into the higher rate category and find themselves paying more tax as wages increase.
