Dod101 wrote:richfool wrote:An interesting table, though currently I am more interested in the next 12 months rather than the last 12 months.
Noting that friday's momentum has continued this morning, I'm pondering if it will continue (particularly) in small and mid caps, into next year, and if utilities will similarly keep going or will they all lose their momentum as profit taking and uncertainty set in.
My addition of Temple Bar (for its exposure to value stocks, - banks, builder's merchants, and builders) has powered on up this morning.
I doubt that TJH can help very much with the next 12 months; as far I know his crystal ball is no better than anyone else's.
I have held Temple Bar for quite a long time and it is about time that it 'powered up', it has nothing much for a long while. I hold it partly for income and partly because Alistair Mundie is a bit of a contrarian and he holds shares that I would not hold directly. Edinburgh has also done well on Friday and again this morning. One thing is for sure; there will be profit taking at some point and once the realities of Brexit and day to day government set in I guess things will settle down again into a more stock specific market. Currently there seems to be the wall of money coming into the market. Overseas money I suppose must be making up some of it at least? It could have some way to go.
I am not keen on any of the utilities as I keep saying. The regulators are being quite tough and I do not see that changing, and of course some of the companies have got none too strong balance sheets.
Dod
Thanks for the thoughts Dod.
Yes, TMPL does seem to be performing well again, after some time in the doldrums. I do hold several other UK G&I's including MUT (my best performer), TIGT, FGT and Shires. Shires fared less well when we had the falls last December, but I am conscious that it holds fixed interest, smaller coys and some preference shares as well as paying a good dividend yield, so I think I will stick with it for the diversity and yield it gives.
I hold and had topped up Mercantile earlier in the summer, and MRC, along with Standard Life smaller coys (SLS), are both performing very well currently.
So as much as I look around, I can't find anything to tinker with, either to sell, top slice or top up. All is about where it should be. If I was to do so, it would probably be to dispose of one of the UK G&I trusts (perhaps TIGT).
I tend to agree that currently there will be overseas money coming into the UK market and also that in the New Year when various "practicalities" of Brexit and the new government implementing its policies, that things will settle down and probably drop back a bit.
I get my utilities exposure from EGL (Ecofin Global Utilities and Infrastructure trust).
I have also kept my Global and particularly Asia Pacific exposure up.