Page 18 - DIY Magazine September 2018
P. 18
SALTYDOG INVESTOR TO REASSESS AS WINDING DOWN OF QUANTITATIVE EASING CAUSES BONDS AND GILTS TO UNDERPERFORM
The last twelve months have seen the performance
of the Tugboat portfolio stagnate; historically it has invested its money into the Investment Association (IA) sectors according to, and limited by, the percentages allowed for in the Saltydog group pie-chart.
This pie-chart requires that 70% of the Tugboat funds should be placed into our ‘Slow Ahead’ group in the attempt to make it secure within what we believed were the least volatile IA sectors - these consist mainly of bonds and gilts.
Unfortunately, their prices appear to have peaked and there is little oxygen left in these sectors; their trend is now down and the ‘slow ahead’ group has become the ‘Slow Astern’!
The worst performing sectors in this group over six months were £ Corporate Bonds and £ High Yield Bonds - here’s how the leading funds in these sectors have performed.
DIY Investor Magazine | Sep 2018 18
