Busy couple of weeks on results front
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The investment committee met today to discuss the portfolios and the wider market performance. A rebalance will be triggered in the next few days to apply a few tweaks to PHE/T and IML. Whilst the constituents within PHE have not changed, the specific holding weights have, which has driven considerable gains since July/August. PHE has now returned a respectable +20%YTD(real time) up from late single digits earlier in the year. IML is at a record at +39% and PHT 51-52%. There will be one stock change to IML in the rebalance.
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Hi G,
Probably tomorrow. Avoid PHT/PHE/IML if possible
Regards
Adam
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replied
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The investment committee met today to discuss the portfolios and the wider market performance. A rebalance will be triggered in the next few days to apply a few tweaks to PHE/T and IML. Whilst the constituents within PHE have not changed, the specific holding weights have, which has driven considerable gains since July/August. PHE has now returned a respectable +20%YTD(real time) up from late single digits earlier in the year. IML is at a record at +39% and PHT 51-52%. There will be one stock change to IML in the rebalance.
@Adam-Kay said in Busy couple of weeks on results front:
PHE has now returned a respectable +20%YTD(real time) up from late single digits earlier in the year. IML is at a record at +39% and PHT 51-52%.
Woot - PHT up by more than 50%, eh? That was a bit of a milestone, and congratulations are due!
Well done to the chaps at IM. Excellent results. Keep 'em coming!
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51.46% at the close and fx at 11.30pm(tomorrows valuation), net of all fees. The benchmark which is the Nasdaq is up 30%. PHT also returned 58% in 2023. Past performance is no indication of future results.
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Hi all, the Palo Alto split has been fixed and the dashboard up to date
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Ah. Interesting, thanks PM3. My portfolio is now showing a slightly higher number than it was 30 minutes ago. Still down quite sharply on last week though. You're right about the big falls on the US markets; the numbers were firmly down at the COP yesterday.
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The snapshot is at the close of UK and US markets with FX at 11.30pm GMT. The nasdaq fell 3.5% and the fx(USD) gain 1% yesterday,around the thought that rates might fall more slowly, something which was more likely than not. Inflation is still sticky in areas, particularly housing. The Fed has done a good job of engineering a soft landing and the economy is now in Trump hands. It's been doing fine to date and the businesses we hold are thriving, so there is nothing much to see here.
Regards
Adam
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It's the end of another busy and volatile week. Just to give you an idea, earlier in the session we were down 100bps in the tech space and now +190bps. A significant swing which only reinforces the buy and hold strategy. What has changed since yesterday-nothing objective.
Have a good weekend all and to those who are starting their holiday period early we all here at Cobens Direct wish you 'happy holidays'.
Regards
Adam
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Bravo Adam. Hopefully those numbers will be up tomorrow on the back of that. (And a question I need to ask 'coz I iz well fick: a bps is a tenth of a percentage point, non? Hence 190bps=19%?)
Are you chaps knocking off for Christmas this evening? If so then have a good one.
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1 bps is a hundredth of a percentage point, so 190bps would be 1.9%
What are Basis Points
I've seen quite a drop this week, hopefully that's been somewhat reversed today. I actually surpassed my year end target on 7th December, which is very good, as I've not been making as many contributions as I should, as the cash has been needed elsewhere, but this week dropped back under that target.
Thanks Adam, hope you all have a great Christmas and New Year too.
PS. I'm still at work until Tuesday lunchtime.
