The Candour Portfolio Service
  

Please find below the fund performance figures for Candour Consultancy’s Generali International portfolios during August 2009.

August proved to be another good month for the worlds stock markets with decent gains on all the major indices. Whilst these gains have originated from a more positive outlook for the worlds economy, it has to be remembered that there will be short-term profit taking and this will continue to create volatility in the worlds markets for the time being.

To reconfirm the format of new reporting method exclusive to our Generali policyholders; the new report is four pages long and provides the policyholder with substantially more information than the simple performance figures we have been able to produce in the past.

The first page of the report provides those interested with a breakdown of where their money is invested; this is broken down by asset class, country, region and stock sector. It also lists the top 10 individual stocks held within the portfolio.

The second page charts the performance of the portfolio against the performance of the MSCI World Index. Simply put, this compares the performance of your portfolio of funds against the overall performance of the worlds stock markets. 

As the MSCI World Index takes into consideration the performance of all asset classes (Commodities, Stocks, Bonds, and Cash)  and all markets (The Americas, Europe and Asia), our medium- to long-term goal is to slightly underperform this index with the lower-risk portfolio; as this portfolio contains very little exposure to the risky but rewarding equity and commodity markets. However, we are looking to slightly outperform the index with the medium-risk portfolio, and clearly outperform the index with the higher-risk portfolio. 

The third page shows the fund performance figures that we have always provided but these now also include 5 year annualised returns as many have asked us to provide longer-term performance figures. If you are only interested in the performance of your funds, just look at this page!

The last page provides further explanation to some of the individual graphs or tables.

For those subscribed to the lower-risk portfolio, please click here for your latest report.

For those subscribed to the medium-risk portfolio, please click here for you latest report.

For those subscribed to the higher-risk portfolio, please click here for your latest report.

As ever, should you have any queries, please feel free to contact your consultant at any time.