Managed Portfolio Service Monthly update: Jan 2021 - For investment professionals only Not for public distribution - Clever Adviser
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Managed Portfolio Service Monthly update: Jan 2021 For investment professionals only Not for public distribution
Performance update: 31 January 2021 Managed Portfolio Service
PERFORMANCE REVIEW TOTAL RETURN: 1 FEBRUARY 2020 – 31 JANUARY 2020
January proved to be a choppy month for equity markets where an initial surge at the beginning of the year soon
faltered, as investors digested the grim realities of a world where economic activity remains supressed by the
Portfolio DT Risk Profile 1 Year Return
resurgent Coronavirus. The initial optimism was in part sparked by the Democrats regaining marginal control of the 8AM CleverMPS 3 3 + 3.46%1
US Senate and the possibility of even more Fiscal stimulus from Joe Biden’s party. That may yet come, but rather than
being the icing on top of an economic growth cake, it is becoming increasingly apparent that it is more of a necessity 8AM CleverMPS 4 4 + 8.87%1
as the nascent recovery is faltering under the weight of new infections.
8AM CleverMPS 5 5 + 12.98%1
The 8AM Clever models shadowed the movement in the markets to differing degrees depending on the risk level, but
again delivered returns superior to the IA Mixed Investment sectors over the month. The outperformance was driven
8AM CleverMPS 6 6 + 16.21%1
by strong fund selection across the board, led by Baillie Gifford Positive change, our Global Fund pick which rose 8AM CleverMPS 7 7 + 18.27%1
+7.67%.
Whilst the investment community at large is expecting 2021 market leadership to come from the cyclical and recovery
sectors, as the arrival of the vaccine will herald a return to normal, we are not so sure. Our fund picks, based on strong
2020 performance and positive momentum continue to favour funds with more growth characteristics. If this trend
changes we are confident that our fund selection engine will identify the move and adjust accordingly, until then we
sense the opportunity to build on the outperformance generated last year.
CUMULATIVE RETURN : 1 FEBRUARY 2020 – 31 JANUARY 20202
8AM CleverMPS 3 30%
8AM CleverMPS 4
20%
8AM CleverMPS 5
8AM CleverMPS 6
10%
8AM CleverMPS 7
0%
-10%
-20%
-30% 1
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20IA Sector performance: 31 January 2021 Managed Portfolio Service
12-MONTH INDIVIDUAL IA SECTOR PERFORMANCE VERSUS SECTOR AVERAGE3 IA SECTOR PERFORMANCE INSIGHTS4
Total IA sectors held 18 The 8AM CleverMPS fund picks continue to provide considerable value over and above
their sector average counterparts, outperformance present in 11 of the 18 IA sectors held
Winning sectors vs sector average 11 within the range. A 61%-success rate. Over the last year, an average of 9.68% has been
Win rate % vs sector average 61% added by the model's fund picks over and above the corresponding IA sector average.
Average outperformance vs sector average + 9.68% Notable outperformance can be seen in Asia ex Japan (+16.02%), Europe ex UK (+23.46%),
Global (+65.23%), North America (+22.19%), Strategic Bonds (+18.52%) and UK All Cos
The returns and IA sectors listed represent that of all IA sectors held across the 8AM (+21.81%).
CleverMPS range at the time of writing. Comparisons have been made versus the average
performance achieved by all funds active within that given IA sector. A highlight of this report – The average outperformance versus sector average has
remained strong, the fund picks generating an additional 9.68% over the average within
that same sector over the last 12 months.
IA SECTOR 1-YEAR RETURNS: 1 FEBRUARY 2020 – 31 JANUARY 20205
Sector average 100%
8AM Clever 79%
80%
fund picks
60%
44%
40% 33% 34% 36%
31% 29%
25% 24%
17%
20%
9%
3% 5% 2% 2%
1%
0%
-5%
-20% -12%
2Underlying holdings: February 2021 Managed Portfolio Service
ALL UNDERLYING HOLDINGS ACROSS THE MODEL RANGE
New 3 year 8AM Clever 8AM Clever 8AM Clever 8AM Clever 8AM Clever
IA Sector Fund held
addition? Quartile6 MPS 3 MPS 4 MPS 5 MPS 6 MPS 7
UT Asia Pacific Excluding Japan Baillie Gifford Pacific 1 ✓ ✓ ✓ ✓
UT Europe Excluding UK Premier Miton European Opps 1 ✓ ✓ ✓ ✓ ✓
UT European Smaller Companies Janus Henderson Euro Smaller Co. 2 ✓ ✓ ✓ ✓
UT Global Baillie Gifford Positive Change 1 ✓ ✓ ✓ ✓ ✓
UT Global Bonds #1 Threadneedle Global Bond 2 ✓ ✓ ✓ ✓ ✓
UT Global Bonds #2 L&G Global Inflation Linked Bond 1 ✓ ✓ ✓ ✓ ✓
UT Global Emerging Markets JPM Emerging Markets 1 ✓ ✓ ✓
UT Japan T. Rowe Price Japanese Equity 1 ✓ ✓ ✓ ✓ ✓
UT Japanese Smaller Companies Baillie Gifford Jap. Smaller Cos 1 ✓ ✓ ✓ ✓ ✓
UT North America Baillie Gifford American 1 ✓ ✓ ✓ ✓ ✓
UT North American Smaller Cos JPM US Small Cap Growth 3 ✓ ✓ ✓ ✓ ✓
UT Property Other Schroder Global Cities Real Estate 1 ✓ ✓ ✓ ✓ ✓
UT Corporate Bond Merian Corporate Bond 1 ✓ ✓ ✓ ✓
UT Corporate Bond – Inv. grade Janus Henderson Sterling Bond UT 1 ✓ ✓ ✓ ✓
UT Sterling Strategic Bond Allianz Strategic Bond 2 ✓ ✓ ✓ ✓
UT UK All Companies #1 MI Chelverton UK Equity Growth 1 ✓ ✓ ✓ ✓ ✓
UT UK All Companies #2 Slater Growth 1 ✓ ✓ ✓ ✓ ✓
UT UK Equity Income Man GLG Income 1 ✓ ✓ ✓ ✓ ✓
UT UK Gilts iShares UK Gilts All Stocks Index UK 3 ✓ ✓ ✓
UT UK Index Linked Gilts iShares Index Linked Gilt Index UK 3 ✓ ✓ ✓
Notes
1. All return data in the table above has been calculated by FE Fund info and is net of fund charges but gross of 8AM Global 3, 4 & 5. All data provided by Clever Adviser Technology Ltd and is net of fund management fees but gross of 8AM Global’s 3
management fees. Not representative of the performance of an actual account. management fees. Does not represent returns of actual accounts.
2. All return data in the chart to the left has been calculated by FE Fund info and is net of fund charges but gross of 8AM Global 6. All quartile data has been generated by FE Fund Info and represent the 3-year performance of that specific fund. This is not to
management fees. Not representative of the performance of an actual account. suggest that this fund has been held in the models for 3 years.Important information Managed Portfolio Service
If you would like to find out more about CleverMPS, how they are PORTFOLIO MANAGEMENT SALES &
& RESEARCH DISTRIBUTION
managed or how you can access them, please contact the relevant
individuals.
This document has been prepared by Clever Adviser Technology Ltd
in conjunction with 8AM Global LLP.
Ash Weston Patrick Boughton
Portfolio Operations Sales & Marketing Director
8AM Global LLP is authorised and regulated by the Financial 8AM Global LLP Clever Adviser Technology Ltd
Conduct Authority. T 01246 73155 T 01244 346343
E ash.weston@8AMglobal.com E patrick.boughton@cleveradviser.com
This document should be considered in conjunction with all W www.8amglobal.com W www.cleveradviser.com
supporting documentation available. Professional financial advice
should always be sought prior to investment.
Clients should be aware that the value of investments and the
Anthony Walters George Cliff
income from them may fall as well as rise and you may not get back Co – Portfolio Manager Head of Research
what originally invested. Investments which are likely to yield a high Clever Adviser Technology Ltd Clever Adviser Technology Ltd
income may do so at the expense of capital, or at T 01244 346343 T 01244 346343
E anthony.walters@cleveradviser.com E george.cliff@cleveradviser.com
a greater risk to the capital, and the income from them may W www.cleveradviser.com W www.cleveradviser.com
fluctuate up or down.
Past performance is no guarantee of future returns. Overseas
investments can fluctuate in value according to market and
currency conditions. This document does not constitute financial Tom McGrath Liam Roberts
advice and should not be regarded as a solicitation to invest. Co - Portfolio Manager Accounts Manager
8AM Global LLP Clever Adviser Technology Ltd
T 01246 73155 T 01244 346343
Access to the 8AM CleverMPS suite is only available
E tom.mcgrath@8AMglobal.com E liam.roberts@cleveradviser.com
through a financial adviser. W www.8amglobal.com W www.cleveradviser.com
48AMglobal.com cleveradviser.com For investment professionals only. Not for public distribution.
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