Saturday, 30 March 2013
First Quarter Portfolio Returns
I have just had a quick look at my portfolio for the 3 months to the end of March so thought I would post the results.
The FTSE 100 is up 8.7% since the start of the year - if we add on another say 0.8% for dividends paid, this will give a ballpark figure of 9.5% total return for the quarter. Personally, I don’t compare my returns to any benchmark - maybe I should do - but the FTSE 100 is a commonly used benchmark with many fund managers.
My portfolio is allocated between fixed interest (40%) and equities, which in turn are divided between individual shares and investment trusts.
The higher interest from the PIBS and fixed interest sector are mainly paid in the second and fourth quarters, so returns in the past 3 months have been negligible and this sector has returned only 2.3% over the quarter.
Individual shares fared much better, providing a total return of 9.5% over the 3 month period. The better performers were Reckitt & Benckiser (21.7%), Dialight (21.4%), IG Group (19.7%), and Unilever (18.6%). On the naughty step were Carillion (-14%), BHP Billiton (-8.3%) and Imperial Tobacco (-4.1%).
Once again, my individual shares sector has been beaten by the professionally managed trust sector which returned 11.1% - the better returns came from smaller companies specialist Aberforth (17.9%) - also Bankers (13.7%), Edinburgh (13.4%), Murray Income (13.4%) and Murray International (13.1%). The only trust not to make much headway over the 3 months was New City High Yield.
As a whole, the portfolio has advanced 7.5% over the first quarter including the payment of 0.8% income. I have no idea where the markets may be heading over the next quarter, we have the new ISA season starting next week so this may provide some further support for equities. The one thing I do know is the income returns for both fixed income and equities will be considerably higher over the next 3 months and should take returns for the half year up from 0.8% to 2.5% and the forecast for the full year is 5%.
I would be interested to hear how others have done over recent months - leave a comment if you keep track of your portfolio.
Meantime, have a good Easter break!