The People's Pension Global Investments (up to 60% shares) 0.5% Pn

31/08/2020

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 60% shares) Fund is a medium risk fund that invests in a combination of equities and bonds. The fund aims to produce moderate growth over the long term. It caters for members who are prepared to accept some degree of risk, but who look for investments which won’t go up or down a lot.

Performance

Cumulative Performance

ResetPerformance line chart
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1 Month6 Months1 Year3 Years5 Years10 Years
Fund1.51%3.23%1.70%12.70%49.23%
Mixed Investment 20-60% Shares0.40%0.39%-0.26%6.46%27.07%69.49%
Rank11111

Discrete Performance

Performance Bar chart
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Year 1Year 2Year 3Year 4Year 5
Fund1.70%6.88%3.68%7.58%23.08%
Mixed Investment 20-60% Shares-0.26%4.68%1.96%5.91%12.70%
Rank11121

Current top 10 holdings

APPLE INC
1.24%
MICROSOFT CORP
0.64%
AMAZON.COM INC
0.49%
NVIDIA CORP
0.36%
ACCENTURE PLC
0.35%
TEXAS INSTRUMENTS INC
0.34%
ALIBABA GROUP HLDG LTD
0.33%
PROLOGIS INC
0.33%
NESTLE SA
0.32%
INTUIT INC
0.31%
Show 10Show Less

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

The Top 10 Holdings relate to equites only.

Market commentary

After the sharp falls in the first quarter, equity markets rebounded strongly in the second quarter. Investors appeared to be comforted by the size and speed of the economic response with advanced economies announcing over £7,000bn of support. Central banks moved to stabilise corporate financing and governments announced support for households and firms. The most recent data indicated this has kick-started some economic recovery after sharp falls in GDP in most countries during the first quarter but the impact of COVID is still to be fully understood. US equities made the strongest gains supported by particularly strong gains for the technology sector. UK equities and Global Real Estate made more modest gains during the quarter. Bond markets were generally calmer as the move to extremely low interest rates became the expectation for the foreseeable future. Corporate debt saw a rebound as the central bank and government efforts helped reduce the impact of the COVID epidemic. In the UK the Bank of England expanded its bond buying programme by a further £100bn, taking the total to £300bn since the previous quarter end. This has helped push yields down and prices up.