Entries by Tim Price

PVP Factsheet June 2016

The GBP A class of the fund recorded a gain of 4.54% for the month of June. (Variations in performance by the other currency share classes of the fund relate solely to foreign exchange translation effects as the underlying holdings are identical.) The fund’s welcome positive return in GBP came in spite of the UK’s […]

PVP Factsheet May 2016

The GBP A class of the fund recorded a small loss of 0.15% for the month of May. (Variations in performance by the other currency share classes of the fund relate solely to foreign exchange translation effects as the underlying holdings are identical.) Positive contributors included the Vietnam Value and Income Portfolio, and Samarang Japan […]

PVP Factsheet April 2016

The GBP A class of the fund recorded a gain of 0.93% for the month of April. (Variations in performance by the other currency share classes of the fund relate solely to foreign exchange translation effects as the underlying holdings are identical.) The MSCI World Index (GBP terms) reported a 0.02% gain for the month, […]

PVP Factsheet March 2016

The GBP A class of the fund recorded a gain of 2.79% for the month of March. (Variations in performance by the other currency share classes of the fund relate solely to foreign exchange translation effects as the underlying holdings are identical.) The EUR A class of the fund rose by 2.25% for the month; […]

PVP Factsheet February 2016

The GBP A class of the fund recorded a gain of 1.60% for the month of February. (Variations in performance by the other currency share classes of the fund relate solely to foreign exchange translation effects as the underlying holdings are identical.) The fund’s gain was despite continued weakness in Japan, our largest country allocation; […]

PVP Factsheet January 2016

The GBP A class of the fund recorded a loss of 4.33% for the month of January. (Variations in performance by the other currency share classes of the fund relate solely to foreign exchange translation effects as the underlying holdings are identical.) This was clearly disappointing, but an indication of just how widely equity market […]

PVP Factsheet December 2015

The GBP A class of the fund returned 0.56% for the month of December. This compares with a loss of 1.7% for the FTSE 100 index, for example, over the same period – the UK market being clearly impacted by its exposure to the oil and commodities sectors which were the most obvious victims of […]

PVP Factsheet November 2015

The GBP A class of the fund returned 0.96% for the month of November, despite weaker equity markets across Asia, which accounts for roughly 60% of the portfolio. The biggest contributors were the fund’s positions in diversified holding companies, and our dedicated European manager, Argonaut. Download the full Factsheet for more … PVP-Factsheet-November-2015

PVP Factsheet October 2015

Another month, and another pantomime over Federal Reserve interest rate policy. Probably more meaningful was the growing number of major international businesses issuing profits warnings. Companies including Adobe, Wal-Mart, Pearson, Home Retail Group, Caterpillar and AP Moller-Maersk have each warned on revenues within the last month. Download the full Factsheet for more … PVP-Factsheet-October-2015  

PVP Factsheet September 2015

September’s FOMC meeting essentially confirmed that the US Federal Reserve has painted itself into a corner from which higher interest rates are unlikely to emerge soon. Confusingly for many observers, the Fed cited foreign market conditions as a reason to delay a tightening in monetary policy. In the words of one analyst, the Fed is […]