I’ve been doing a bit of tinkering with the Fantasy Sipp portfolio which is now making money year to date, although lags an S&P 500 ETF and many leading quality funds so far in 2020.
The UK Quality Shares portfolio has staged something of a recovery as optimism about the opening up of economies has seen many battered shares bounce back. The portfolio is down 7.6 per cent year to date, compared with a fall of 15.8 per cent in the FTSE All Share index, which is a bit better than a few weeks ago but still a significant loss.
The portfolio is an experiment on quality growth investing in the UK market. This is a difficult task given the scarcity of high quality businesses available at reasonable valuations but I will also admit that I have made some mistakes in stock selection as the lack of resilience of businesses has been exposed by the lockdown.