COVER STORY
Portfolio review
“ The reason people do stuff like swapping in and out of funds is because it ’ s more exciting . If you want excitement , go horse racing – your money ’ s too important for this ”
Steven Rowe
Director and IFA at Lucent
your portfolio depending on your aims . Here are some questions to ask yourself before you rebalance :
· Would I buy this fund today ?
· Has it met my return expectations ?
· Has it met my expectations for risk ?
· Has anything fundamentally changed with the manager ?
· Has the manager done something I didn ’ t expect ?
· Has the manager changed their process or investment philosophy ?
· Does this investment philosophy fit with what I ’ m trying to achieve with my portfolio ?
You may want to change your portfolio in response to longer-term signals , such as rising interest rates , according to Bevan Blair , chief investment officer at One Four Nine Group . For instance , he has recently increased the average duration of the bond holdings
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