Hello Everyone,
Here is a link to the May Newsletter.
After a relatively positive couple of months, April was disappointing.
In February, 24 out of the 34 sectors that we monitor made gains, and they all went up in March.
However, only ten sectors went up in April and some saw some significant falls. The Global sector went down by 3.1%, Japan lost 3.8%, and the North American Smaller Companies sector ended the month down 5.0%.
Fortunately, the downturn was relatively short-lived and most sectors are now back on an upward trajectory.
Although they briefly went down, both of our portfolios continue to make steady progress and are up on where they were when we were preparing the last newsletter.
When we reviewed the portfolios earlier this week, the Tugboat was showing a six-month gain of 5.2% and the Ocean Liner was up 6.9%.
As always, I hope that you enjoy this month’s newsletter and I look forward to hearing any feedback.
After a relatively positive couple of months, April was disappointing.
In February, 24 out of the 34 sectors that we monitor made gains, and they all went up in March.
However, only ten sectors went up in April and some saw some significant falls. The Global sector went down by 3.1%, Japan lost 3.8%, and the North American Smaller Companies sector ended the month down 5.0%.
Fortunately, the downturn was relatively short-lived and most sectors are now back on an upward trajectory.
Although they briefly went down, both of our portfolios continue to make steady progress and are up on where they were when we were preparing the last newsletter.
When we reviewed the portfolios earlier this week, the Tugboat was showing a six-month gain of 5.2% and the Ocean Liner was up 6.9%.
As always, I hope that you enjoy this month’s newsletter and I look forward to hearing any feedback.
Kind regards and best wishes,
Richard Webb
Managing Director
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