After scraping into positive territory in January, despite the negative returns from the broader market, the Compound Income Scores Portfolio (CISP) was not able to withstand the continued sell off in February. Indeed it gave back a little of its outperformance from January, as it finished February with a return of -3% versus the -2.6% from the FTSE All Share which it is measured against. This leaves it down by 3% for the year to date compared to -4.4% for the All Share, while since inception nearly three years ago the comparisons are +63.7% & +20.6% respectively.
The positions that resisted the falls and actually rose in value were a mixed bag of a couple of miners, a toy maker, a crockery manufacturer and a magazine publisher (FXPO, CAML, CCT, PMP & AUTO). While the list of fallers were headed up by a couple of fund managers, a house builder, a book publisher and a digital marketing company (JUP, MGR, BWY, BMY & TAP) with some of those obviously geared into markets while the others seemed to just be suffering from profit taking.
So not much to get excited about in February and March hasn't started much better either. I'll leave it there for now as I get the impression readers aren't that interested in this stuff, but nevertheless I'll endeavour to update you on this months trades later in the week - so check back then if that is of any interest.