Page 39 - DIY Investor Magazine | Issue 41

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Markets continued to rise in the second quarter even though interest rate cuts haven’ as quickly as expected. The 10-year gilt yield rose from 3.6% to 4.2%, roughly the sam Notes: The Vanguard global tracker fund is my main comparator while the more conservative LifeStrategy 60 fund, a UK
back in October 2022 but lower than the 4.6% level it was last autumn. The UK electio index tracking fund, and an index of UK investment trusts provide additional reference points. All returns are pre-tax and
measured in sterling using a unitised method that adjusts for any money put in or withdrawn. All my trading and admin
much effect on markets although we could soon see some tax changes that impact inv costs are included in my returns but not for the fund and index returns.
Markets continued to rise in the second quarter even though interest rate cuts haven’t materialised as quickly as expected.
My performance by holding
The 10-year gilt yield rose from 3.6% to 4.2%, roughly the same level it hit back in October 2022 but lower than the
4.6% level it was last autumn. The UK election hasn’t had much effect on markets although we could soon see some
tax changes that impact investors.
Here’s how my positions performed on a share price and NAV basis along with their p MY PERFORMANCE BY HOLDING
premium/discount:
39 DIY Investor Magazine
Here’s how my positions performed on a share price and NAV basis along with their period-end premium/discount:
· August 2024
Net asset value return H1 2024
Holding (ticker)
Share price return H1 2024
Premium/ (discount)
+17.9%
JPMorgan Global Growth & Income (JGGI)
+17.1%
+0.8%
+14.3%
Worldwide Healthcare (WWH)
+17.1%
-9.3%
+2.5%
HgCapital Trust (HGT)
+12.7%
-4.7%
+12.0%
Vanguard All-World ETF (VWRL)
+12.0%
–
+9.4%
Fundsmith Equity
+9.4%
–
+3.2%
Baronsmead Venture Trust (BVT)
+8.8%
-4.4%
+7.5%
Lindsell Train Global
+7.5%
–