A strong rebound in stockmarkets from the pounding shares received at the end of 2018 catapulted the Money Observer model portfolios firmly back into profitability during the first quarter of 2019.
Jennifer Hill and Andrew Pitts
Last year was a difficult one for investors. The UK stock market felt the heat of the Brexit burn as politicians failed to agree on a strategy to exit the European Union.
Markets shook off a rocky start to 2018 to return to form during the second quarter – and propel the Money Observer model portfolios firmly back into the black.
All 12 of our portfolios beat the relevant FTSE UK Private Investor index benchmark during the three months to the end of June – some by as much as 3.5 per cent. That saw them recoup losses incurred during the volatility that pervaded investment markets in the first quarter of the year – and then some.
The first quarter of 2018 proved a timely reminder that global markets can fall quicker than they rise, but our model portfolios have weathered the storm well.