This was another month of recovery for the market and CIS Portfolio as it ended the month to the close on 30th September with a total return of +1.82% which compared to a total return on the FTSE All share of +1.12% for a more modest outperformance of 0.7% this month. Thus it was a strong quarter for the CIS with a total return of 13.7% for an outperformance of 6% as it bounced back from the BREXIT induced crash in June.
This leaves the CIS with a total return of -0.5% year to date which is 12.4% behind the index in 2016 to date, but it is still ahead by 8% since inception in April 2015 as it has produced +15.4% total returns versus +7.4% for the All Share since then. One of the top performers was Powerflute (POWR) which as mentioned on the Blog benefited from a bid which looks like a done deal, so I will be replacing that in this months round of transactions. On the downside another stock which featured in the blog, Character Group (CCT), was one of the bigger fallers as it reacted badly to an in line trading update. As flagged in the blog it continues to Score well and looks good value so it will remain in the portfolio. Rather than highlighting the other winners and losers here subscribers to the CIS Portfolio should check their e-mail as I have attached a spreadsheet detailing the performance of all the stocks over 1,3,6 & 12 months plus some other statistics. There are also two other tabs showing the first showing the Stockopedia Stock Ranks & the QVM factors as well as the full portfolio in the third tab which I hope subscribers will find useful. Finally, for subscribers and non subscribers I have, as promised in the blog last month, added a drop down item for the CIS Performance under the Portfolio heading on the site. If you click on this it will take you to a sheet showing the full performance history of the CIS Portfolio since inception in April 2015.
3 Comments
Paul Hawkins
4/10/2016 07:37:08 am
Hi,
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Hi thanks for you comment. Calculating investment performance can be a messy business & I'm sure the way I do it is not GIPs compliant as that usually involves something called the Modified Dietz Method. See - https://en.wikipedia.org/wiki/Modified_Dietz_method
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Paul Hawkins
6/10/2016 08:16:03 am
Hi Jamie, Thanks for the comprehensive explanation, which is extremely helpful.
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