One portfolio which I run is focused on four M&G Funds (global investment manager which manages a wide range of assets) and is invested in a basket of global equities. It is a low turnover globally diversified portfolio and it can be scaled to different sizes.

There were no outright sales or purchases of holdings done during the month. The combined portfolio return for the month of November 2022 was 12.15%. Below is a table of Total Return Performance of Major Global Assets in November (USD).

Below is a chart of the Portfolio Breakdown by Funds (%):

M&G Asian Fund

The Top 10 biggest holdings as represented are:

M&G Global Dividend Fund

The Top 10 biggest holdings as represented are:

M&G Global Themes Fund

The Top 10 biggest holdings as represented are:

M&G Recovery Fund

The Top 10 biggest holdings as represented are:

The individual performance for the month for each fund can be seen in the table below:

The wide macro environment has seen significant changes for the past couple of years thus challenging not only small individual retail investors but also large institutional investors. The next 5-10 years will be different to the previous such period. Short-term, in 2023, probably we will stay in a tighter monetary environment and there will be higher chances for recessions across the different countries in the world. However, there will always be a small number of very high quality and resilient companies across the world delivering growth and high ROIC and these should be held for a long-time throughout the market cycles.

DISCLOSURE: This is not a financial advice. This material has been distributed solely for informational purposes only and is not a solicitation or an offer to buy any security or to participate in any trading strategy. The material may include projections or other forward-looking statements regarding future events, targets or expectations. Past performance is no guarantee of future results. There is no guarantee that any opinions, forecasts, projections, risk assumptions, or commentary discussed herein will be realized or that an investment strategy will be successful. All expressions of opinions are subject to change without notice. Investors should seek financial advice regarding the appropriateness of investing in any security or investment strategy discussed in this presentation.