Hello Everyone,
Here is a link to the September Newsletter.
Twenty-four out of the thirty-four sectors that we monitor went up in August, down from the twenty-six that went up in July. It was the same number as went up in June, but the overall returns were much lower last month.
Sixteen sectors have now made gains for three months in a row.
The best-performing sector last month was Healthcare, with a one-month return of 2.0%, followed by Financial & Financial Innovation, up 1.5%.
All of the sectors in the ‘Slow Ahead’ Group went up. Sterling High Yield led the way with a gain of 1.2%.
Nearly all of the sectors in the ‘Steady as She Goes’ Group also made gains, the only exception was UK Smaller Companies which posted a loss of 1.0%.
Only five out of the eight sectors in the ‘Full Steam Ahead Developed’ Group went up last month. The best performer was Europe, including UK, up 1.4%, followed by Europe, excluding UK, which had made 1.2%. The worst-performing sector was North American Smaller companies, ending the month down 3.0%.
Unfortunately, all of the sectors in the ‘Full Steam Ahead Emerging’ Group went down. It just goes to show that although sometimes the most volatile sectors produce the biggest gains, they can also suffer the largest losses.
Stock markets around the world fell sharply at the beginning of August, but then rallied. By the end of the month most were either showing gains or had significantly reduced their losses.
This month also got off to a rocky start. Let’s hope we see a similar recovery.
As always, I hope that you enjoy this month’s newsletter and I look forward to hearing any feedback.
Twenty-four out of the thirty-four sectors that we monitor went up in August, down from the twenty-six that went up in July. It was the same number as went up in June, but the overall returns were much lower last month.
Sixteen sectors have now made gains for three months in a row.
The best-performing sector last month was Healthcare, with a one-month return of 2.0%, followed by Financial & Financial Innovation, up 1.5%.
All of the sectors in the ‘Slow Ahead’ Group went up. Sterling High Yield led the way with a gain of 1.2%.
Nearly all of the sectors in the ‘Steady as She Goes’ Group also made gains, the only exception was UK Smaller Companies which posted a loss of 1.0%.
Only five out of the eight sectors in the ‘Full Steam Ahead Developed’ Group went up last month. The best performer was Europe, including UK, up 1.4%, followed by Europe, excluding UK, which had made 1.2%. The worst-performing sector was North American Smaller companies, ending the month down 3.0%.
Unfortunately, all of the sectors in the ‘Full Steam Ahead Emerging’ Group went down. It just goes to show that although sometimes the most volatile sectors produce the biggest gains, they can also suffer the largest losses.
Stock markets around the world fell sharply at the beginning of August, but then rallied. By the end of the month most were either showing gains or had significantly reduced their losses.
This month also got off to a rocky start. Let’s hope we see a similar recovery.
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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