Quarterly Update PFM Portfolios Apr25
- Mark Young Dip PFS
- 17 hours ago
- 1 min read
Following our recent investment committee meeting, please fund attached a summary of the changes agreed and implemented on 24th April.
We delayed making any changes whilst the recent bout of market volatility subsided, in order to avoid significant unit price changes. This week has seen more positive market sentiment regarding the easing of tariffs from the US, which we hope transpires. We have adjusted our European fund exposure, following a decline in performance from the BlackRock European Dynamic fund and Liontrust European Dynamic funds, which had overly similar strategies. We have replaced these with the Waverton European Growth & Dividend funds, which offer more diversification and better performance. We’ve also made a slight reduction in Japanese exposure in favour of the UK; the addition of the Veritas Global Equity Income fund to add stability, replacing the M&G Global Paris Aligned fund and a like-for-like swap in the Asian Income fund, from Jupiter to Guinness.
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