Vistafolio Update: Market Surge Gives Us a Happy November

 

Vistafolio is Wealth Morning’s Managed Account solution for Eligible and Wholesale Investors.  Once a month, we update account holders on the strategy and performance. Please find our latest update as follows:

Happy November! I’m pleased to say this month has been among the best on record.

Several factors have contributed to this:

1. Very positive vaccine news;
2. The existence of a deep cash pool from government stimulus;
3. And a move into equities due to yield starvation. Fixed interest income has almost dried up in other areas…

On the subject of income yield, some of our portfolio companies are now moving to reinstate their dividend after suspension following lockdowns. This should see increased income on portfolios next year.

For those invested before the pandemic, November will provide some recovery from the worst drawdown we’ve seen since the GFC. And for those who were savvy and risk-willing over the past few months to add funds, some very decent gains on those.

This month, we are up 9.78% gross for the month across the composite portfolio (total aggregate, weighted return across all significant portfolios following the strategy). This brings our average since-inception return to 16.06% p.a.

Please see our performance chart for more details.

 


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We are looking to deploy funds over the next few months. A recovering market is a happy event. Though we are watching for volatility to jump in and snap up some quality assets at good prices.

The existing crises of coronavirus reinfection and Brexit could provide such opportunity.

 

Regards,

Simon Angelo

Editor, Wealth Morning 

Past performance is not an indicator for future performance. Your actual portfolio will differ from the composite portfolio mentioned. The information contained in this document does not constitute an offer to sell or a solicitation to buy an investment, nor should it be construed as investment advice. Vistafolio investment services are available to Eligible Investors and Wholesale Investors (not to Retail Investors) as defined in the Financial Markets Conduct Act (2013).

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Simon is the Chief Executive Officer and Publisher at Wealth Morning. He has been investing in the markets since he was 17. He recently spent a couple of years working in the hedge-fund industry in Europe. Before this, he owned an award-winning professional-services business and online-learning company in Auckland for 20 years. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book, and manages global share portfolios. Simon is a shareholder of Wealth Morning.


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