Mixed Asset: Tactical Asset Allocator

ABOUT THE TACTICAL ASSET ALLOCATOR PORTFOLIO

• A global, balanced portfolio for private investors comprised mainly of London-listed exchange traded funds

• Updated monthly to respond to changing asset prices and global financial events, with a fuller quarterly review in the June, September, December and March editions of Money Observer.

• Portfolio can be adjusted for various risk tolerances and starting values.

• Portfolio start date is 10 August 2012

• All instruments in the portfolio are available to trade via our sister website Interactive Investor

• The recent trading chronology for the portfolio appears below.

You can view the most recent tactical asset allocator update here.

Fund EPIC Category Risk level* Quantity Price paid (£) Current price (£)   Current value (£)  Weighting (%)
                 
Lyxor ETF FTSE 250 L250 UK equity 81 1,000 12.32 25.23  25,230.00  13.56
iShares Core S&P 500 UCITS ETF CSP1 US equity 110 100 103.7 215.5  21,550.00  11.59
iShares Euro Total Market Growth Large IDJG Euro equity 104 325 18.14 31.97  10,390.25  5.59
iShares FTSE EPRA/NA Glbl Prop Yld  IWDP Property 84 402 13.38 18.99  7,631.97  4.1
Neptune European Opportunities    NEOA Euro equity 104 1,097 3.62 6.28  6,890.26  3.7
Schroder Frontier Markets Equity fund M9S0 Em mkts equity n/a 80 100 111.12  8,889.60  4.78
iShares Japan Sterling hedged ETF IJPH Japanese equity 139 200 47.41 61.56  12,312.00  6.62
Standard Life Investments Emerging Market Debt  GU4Z Bonds 81 1,300 5.15 5.81  7,547.80  4.06
DB X-Trackers DBX MSCI India ETF  XCX5 Em mkts equity 143 900 6.59 7.86  7,069.50  3.8
DB X-Trackers MSCI EM Asia Index UCITS ETF XMAS Em mkts equity 129 420 24.12 35.83  15,048.60  8.09
iShares Global Clean Energy ETF INRG Global equity n/a 400 3.59 3.76  1,504.00  0.81
iShares Physical Gold SGLN Commodities n/a 300 18.26 18.03  5,409.00  2.91
Polar Capital Global Insurance fund NAU4 Equities 105 400 5.35 6.42  2,568.00  1.38
iShares Automation & Robotics ETF RBTX Equities n/a 1,000 4.66 5.48  5,483.80  2.95
iShares J.P.Morgan EM Local Currency Bond LEMB Bonds n/a 100 36.59 32.82  3,282.00  1.76
JPMorgan Emerging Markets IT JMG Em mkts equity 135 1,000 8.46 8.13  8,130.00  4.37
iShares US Pharmaceuticals ETF IHE Equities n/a 100 116 125.82  12,582.00  6.76
iShares S&P SmallCap 600 UCITS ETF ISP6 Equities n/a 100 44.76 52.18  5,218.00  2.81
VinaCapital Vietnam Opportunity fund  VOF Em mkts equity 136 1,000 3.58 3.47  3,470.00  1.87
Xtrackers S&P Select Frontier Swap ETF SXFR Em mkts equity 120 500 11.72 10.29  5,143.75  2.77
Jupiter UK Smaller Companies fund 09QV** UK equity 84 1,000 4.06 3.94  3,937.50  2.12
iShares TIPS Bond ETF  TP05 Bonds n/a 1,000 3.87 3.77  3,765.00  2.02
Fidelity China Special Situations FCSS Em mkts equity 214 1, 000 1.97 1.97  1,970.00  1.06
Cash (see below)              982.85  0.53
Total               186,005.88  100

Notes: *Risk level is produced by FE Analytics and references the FTSE 100 as a benchmark of 100. £10 standard Interactive Investor dealing charge and 0.5 per cent stamp duty deducted from cash holdings on new purchases and sales. Cash at start of period = £2,832.95. Dividends in this period: IDJG 325 x €0.0489 = 325 x £0.043 = £139.75. Purchase of 1,000 shares in Fidelity China Special Situations trust: 1,000 x £1.97 = £1,970; stamp duty = £9.85; dealing fee = £10. Cash at end of period = £982.85. **Citicode. Source: Interactive Investor, as at 5 October 2018

Trading chronology:

October 2018: Purchase of 1,000 shares in Fidelity China Special Situations trust: 1,000 x £1.97 = £1,970

August 2018: Purchase of 1000 shares in iShares TIPS Bond ETF @ £3.873 = £3,873.

July 2018: Purchase of 100 units in Jupiter UK Smaller Companies fund = £4,060.

June 2018: Sale of 400 dbx MSCI Russia 25% Capd at £20.12 = £8,048.

May 2018: Purchased 500 units in XTrackers S&P Select Frontier Swap @£11.71 = £5,857.

April 2018: Purchased 100 units in iShares Physcial Gold ETC @£18.26 = £1,826.

March 2018: Purchased 100 units in VinaCapital Vietnam Opportunity fund @£3.58 = £3,580.

February 2018: Purchased 100 units in iShares S&P Small Cap 600 UCITS ETF @ £44.76 = £4,476 

January 2018: Purchased 100 units in iShares US Pharmaceuticals ETF (IHE) @ $157.20 = $15,720 = £11,600.

December 2017: Sold 200 units of iShares Euro Stoxx Total Market Growth Large (IDJG) @ £31.50 = £6,300. Cash rested = £29,000.02.

November 2017: Sold iShares China Large Cap ETF (FXC) 100 units @ £99.64 = £9,964. Cash restated = £22,601.46

October 2017: Sold 1,000 Ground Rent Income shares (GRIO) x £120.25 = £1,202.50. Cash restated = £11,272.29.

September 2017: Bought 1,000 shares JPMorgan Emerging Markets IT (JMG) at £8.46 = £8,460.00. Restated cash = £10,777.01

August 2017: Bought 100 shares in iShares EM Local Currency Bond (LEMB) fat £36.59 = £3,659. Restaed cash = £19,247.01

July 2017: Sold iShares MSCI China Small Cap ETF (ECNS) @ £35.28 = £5,292. Cash at beginning of period was £17,534.59. Restated cash = £22,906.21

June 2017: Sold iShares Core S&P500 = 78 x £183 = £14,274. Cash restated £17,534.59.

May 2017: Bought 1,000 units in iShares Automation and Robotics ETF @ 466p for £4,660. Cash restated £2,741.42.

April 2017: Sold holding in MSCI Saudi Arabia Capped ETF. 300 units x £19.87 = £5,961.

March 2017: Sold 1,000 unit holding in 3i @ £1.958. Bought 1,000 unit Ground Rents Incs @£1.41. New cash position £1,251.79.

January 2017: Sold 100 unit holding in Global X FTSE Greece 20 ETF @ £6.64 x 100 = £664. Added 100 units to holding of iShares Physical Gold for a total of 300 units valued at £5,628 (£18.76). New cash position £1,831.49 as at 6 January 2017.

December 2016: Bought 400 units in Polar Capital Global Insurance (NAU4) @ £5.35 = £2,140. Cash restated £2,777.89.

November 2016: Sold 70 units in SPDR Barclays 0-5 Year US High Yeld Bond UCITS ETF (JNKS) @ £37.57 = £2,629.90. Cash restated = £4,769.14.

October 2016: Bought 200 units in iShares Physical Gold ETF (SGLN) on 7/10/16 at £19.88 for £3,975. Cash restated is £1974.56.

September 2016: Sold 250 shares in ETFS Physical Silver (PHSP) at £13.99 (total £3,496.25). Bought 100 shares of iShares China Large Cap (FXC) at 8166.00p (total £8,166.00). Cash restated £5,541.13.

August 2016: Bought 300 shares at 417.4p of iShares Global Clean Energy ETF. Total cost £1,252.2, plus £10 dealing cost. Cash at end of period = £9,071.

July 2016: Sold 30 shares in Amundi MSCI Spain UCITS ETF @£127.40 for total proceeds of £3,822. Cash restated = £9,897.90.

June 2016: Sold iShares MSCI UK Small Cap ETF (CUKS) = £3,344.20. Cash at end period = £5,741.24.

May 2016: Henderson European Selected Opportunities fund sold for £6,470.40 (480 x  £13.48);  Purchase of 300 x iShares MSCI Saudi Arabia Capped ETF (KSA) at $23.85 = $7,155 = £4,959. Cash at end of period = £2,302.45.

March 2016: Added 70 units SPDR Barclays 0 - 5yr US High Yield GBP (JNKS) @ £30.88. Sold holding in Source Man GLG Europe Plus (20 units @ £107.65 = £2,153).

February 2016: Added 50 units iShares MSCI China Small-Cap ETF: 50 x £25.74 = £1,287. Total holding now 150 units.

January 2016: Sold remaining holding (100 shares) in SPDR S&P US Dividend Aristocrats ETF at £25.94

December 2015: Purchased 300 shares in DB X-Trackers MSCI EM Asia Index Ucits ETF (XMAS) at £24.12.

November 2015: Purchased another 50 units in the Schroder Frontier Markets Equity fund at $126.54 (£84.59). Total holding now 80 units.

October 2015: Sold holding (500 shares) in CLS Holdings at £18 = £9,000 for 35 per cent profit.

September 2015: Purchased 100 shares in iShares MSCI China Small-Cap ETF at £25.97. 

August 2015:  Sold holding (500 shares) in iShares FTSE UK Dividend Plus at £9.71 for 30 per cent profit.

 July 2015:  Purchased 100 shares in New York Arca-listed ETF Global X FTSE Greece 20 at $9.68.

June 2015: Sold half of holding (100 shares) in iShares S&P US Dividend Aristocrats at £26.24. Purchased 600 shares in dbx MSCI India ETF at 659p.

May 2015: Sold 500 shares of holding in iShares FTSE UK Dividend Plus ETF at £10.185. Purchased 30 shares in Amundi MSCI Spain ETF at £152.50.

April 2015: No trades 

March 2015: Sold 350 shares of holding in iShares FTSE UK Dividend Plus ETF at £9.74 per share. Added 2,582 shares in holding of dbx MSCI Russia 25% Capped ETF at £12.91.

February 2015: Bought 480 units in Henderson European Selected Opportunities fund at £13.55 per unit.

January 2015: Bought 1,000 units in Standard Life Investments Emerging Market Debt fund at £0.5154 per unit.

December 2014: Sold holding in Fidelity China Consumer fund for a 24 per cent profit. £5,069 added to cash. 

November 2014: Purchased 200 shares in iShares MSCI Japan Monthly £ Hedged ETF  at £47.41. 

October 2014: Purchased 1,000 shares in 3i Infrastructure at 142.7 pence. 

September 2014: Sold holding in iShares FTSE BRIC 50 GBP exchange traded fund for 9 per cent profit. Proceeds held in cash.

August 2014: Three holdings in iShares S&P 500 consolidated into new iShares Core S&P 500 Ucits ETF. 200 SPDR Barclays Cap Convertible Bond (CWB) sold at £29.45 ($49.41) for proceeds of £5,890. 200 shares in SPDR S&P US Dividend Aristocrats purchased at £22.40.