The People's Pension Global Investments (up to 100% shares) 0.5% Pn

30/11/2019

Important Notes This document is provided for the purpose of information only and should not be construed in any way as giving investment advice. Past performance is not necessarily a guide to future performance, as the value of the units may go up or down and any return is not guaranteed. The price of the units can be monitored on our website at bandce.co.uk/fund-unit-prices

Investment objective

The B&CE Global Investments (up to 100% Shares) Fund is a higher risk fund that aims to achieve long-term capital growth by primarily investing across the UK and overseas equity markets. The fund may hold additional diversifying asset classes.

Performance

Cumulative Performance

ResetPerformance line chart
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1 Month6 Months1 Year3 Years5 Years10 Years
Fund1.86%9.12%14.97%33.21%56.47%
Global Equities2.63%8.34%12.47%32.12%61.02%162.30%
Rank42123

Discrete Performance

Performance Bar chart
Powered by data from FE fundinfo
Year 1Year 2Year 3Year 4Year 5
Fund14.97%0.02%15.84%14.82%2.30%
Global Equities12.47%1.59%15.64%18.19%3.12%
Rank13243

Current top 10 holdings

APPLE INC
0.73%
MICROSOFT CORP
0.65%
HSBC HLDGS
0.64%
INTEL CORP
0.63%
NESTLE SA
0.58%
ASTRAZENECA PLC
0.54%
BP
0.54%
ROYAL DUTCH SHELL
0.53%
ACCENTURE PLC
0.50%
SAMSUNG ELECTRONICS CO
0.49%
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Contact information

The People’s Pension Trustee Limited
Manor Royal, Crawley, West Sussex, RH10 9QP.
Tel 0300 2000 555 Fax 01293 586801
www.thepeoplespension.co.uk

Market commentary

Ongoing trade tensions between the US and China lead to volatility during the quarter but equities have generally delivered gains since June. Japan lead the way following local election results with the US equities also rising. Concerns over the deteriorating economic outlook lead to a change in stance by the worlds central banks. The US Federal Reserve cut interest rates and the ECB focussed on restarting quantitive easing. These responses provided comfort to equities and lead to significant gains in bond prices. The latest economic growth statistics showed the UK economy shrank by 0.2% in the second quarter. This lead to increasing expectations that the Bank of England's next interest rate change could be downwards. Brexit uncertainty has continued to be a cloud of economic growth and helped push the pound down until recent weeks. The lower exchange rate lead to some takeover activity in the UK by international firms. During the quarter currency hedging for part of the international exposure was introduced and this has offset the impact of sterling's recent rebound.