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 five different risk profiles.
third Quarter 2019
Fund
PERFORMANCE
The Personal Portfolio Funds (PPF) invest in a range of asset classes such as cash, bonds and equities and offer five different risk profiles.
They are a simplified representation of our long-term investment view. The 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 | Lower risk |
Mostly bonds (at least 70%) |
| PPf 2 | Lower / Medium risk |
Mostly bonds (at least 50%), some equity |
| PPf 3 |
Medium risk |
Equities (at least 45%) and bonds |
| PPf 4 |
Medium / Higher risk | Mostly equities (at least 65%), some bonds |
| PPf 5 |
Higher risk |
Mostly equities (at least 90%), minor cash allocation |
Spotlight on
Asset Allocation
- Despite a sharp drawdown in August, funds have benefitted from strong equity performance in July and a solid recovery in September. This demonstrates the benefit of staying invested during volatility as the quarter has ended with positive returns from all strategies.
- We’ve added to US equity, bringing our allocation up to a more or less neutral weight. US equities typically display higher quality characteristics and tend to be better placed to perform over different economic conditions.
- Given sterling’s attractive valuation, we recognise the potential for gains if the political climate improves. While we’ve reduced exposure to sterling-based assets recently in recognition of short-term volatility, we retain a modest preference on the basis of our contrarian principles.
Performance
table
FUND RETURNS, AFTER MANAGEMENT AND ADMINISTRATION FEES (PLATFORM FEES NOT INCLUDED)
Fund |
Last quarter |
Sept 16 to Sep 17 |
Sep 17 to Sep 18 |
Sep 18 to Sep 19 |
Personal Portfolio Fund 1 – Lower Risk |
3.1% |
1.1% |
1.9% |
6.9% |
Personal Portfolio Fund 2 – Lower/Medium Risk |
2.8% |
4.2% |
3.8% |
6.5% |
Personal Portfolio Fund 3 – Medium Risk |
2.5% |
6.9% |
5.4% |
5.6% |
Personal Portfolio Fund 4 – Medium/Higher Risk |
2.2% |
10.3% |
7.4% |
4.9% |
Personal Portfolio Fund 5 – Higher Risk |
2.2% |
14.0% |
9.8% |
4.4% |
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.
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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.
