It is about that time now when we tend to reflect on the year that has gone and have a peek through the Christmas baubles to see what may happen in the forthcoming year. Coronavirus and its fall out have ripped through all areas of the economy and society at large, so it is at least pleasing to hear that yesterday has been named ‘V Day’, as the UK grandmother Margaret Keenan received her jab as part of the mass vaccination programme. It is a big step in the right direction, and we wish her many years of good health and happiness.
Looking back, our IronBright investment principles have been tested to the full this year. I have had many conversations with you during the year covering a range of issues, but one of my long standing clients summed it up in his usual understated manner, “it could’ve been worse”.
At one point I must confess I thought it might well be, but I am pleased to report that all but 3 of the 21 portfolios that we manage is, at the time of writing, in positive territory year to date. A sample of the portfolios’ performances is seen below:
As you know I am not into crystal ball gazing and tea leaf reading so you will not receive any investment forecasts for 2021 from me, other than I expect markets to continue to return value to investors who hold for the longer term and that markets will continue to surprise us from time to time, both on the upside and downside. I looked back at many of the forecasts from the usual pundits in the financial press for this year and whilst some were right and some were wrong, they were either right or wrong for all the wrong reasons! None foresaw the global pandemic and what happened so beware commentators who know ‘for sure’ how best to position your portfolio for 2021.
What I am excited about for 2021 is the launch of IronBright’s range of Sustainable portfolios that are now available. I was tempted to show off their respective backdated performance figures but thought better of it as any portfolio that was light on oil stocks, banks and airlines had a pretty good year. Notwithstanding this there is now a strong investment case to use such portfolios along with the ethical and moral stances many of you wish to take when investing your money. We will also be switching, where appropriate, existing active funds on a like for like basis into sustainable funds in the Core Satellite portfolios over the course of the next 12 months. Have a chat with your adviser at review time?
We have a fantastic team at Brunel who have stepped up to the plate during a very difficult year and I remain very proud of them, so on their behalf I would like to wish you and your family a very Happy Christmas and a fabulous New Year.