Recent changes
We had an excellent response to the fund switch recommendation in March out of Invesco Pacific, and into First State Asia Pacific Leaders. The First State Asia Pacific Leaders fund has been awarded the highest possible ratings from all of the various fund rating agencies.
Fund Performance
The best performing sector in our portfolios currently, is the UK Equity sector with Investec UK Smaller companies leading the way with a return of 49% over the last year compared with the FTSE Small Cap index at 19.2%.
Rensburg UK Mid Cap Growth has produced returns of 34% in the last year, compared with just 15.5% achieved by the FTSE100.
Following the addition of the Marlborough ETF Commodities fund this year and JPM Natural Resources fund, we are now watching some of the commodities indices that cover such things as Gold, Oil and Copper.
There are no fund switch recommendations at present.
As always, you can contact me with any questions regarding your Wrap portfolio or requests for withdrawals on my direct dial or you can contact me via email which is penny.wareing@cambifa.co.uk