A Defensive Core Fund for the Tougher Times Ahead

A Defensive Core Fund for the Tougher Times Ahead By Filipe R Costa The recent cut in interest rates and additional Quantitative Easing (QE) announced by the Bank of England has helped stock and bond prices to rally sharply after the initial post-referendum sell-off. It is too early to assess the impact of Brexit on the UK economy, although survey data suggest that the decision to leave the EU has had a big impact on the construction industry and wider jobs market. When the economic data starts to come through it could easily undermine investor confidence, with some predicting another recession. In this sort of scenario it would be sensible to bank some of your recent profits and reduce the risk in your portfolio. One way to do this would be to invest in the Pyrford Global Total Return fund, which aims to provide a stable stream of real total returns over the long term, with low absolute volatility and significant downside protection… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,920.87, an increase of 6.16 points. The FTSE 250 rose 119.27 points to finish at 17,926.83 The FTSE All Share climbed 7.10 points to finish at 3,764.42. The FTSE AIM All Share finished at 783.50, up by 3.58 points. Shares in FTSE 250 hospitality outfit Restaurant Group (RTN) surged 11.23% to 419.10p after the company announced the appointment of former Paddy Power chief Andy McCue as CEO with effect from 19th September. Current boss Danny Breithaupt is stepping down with immediate effect. Over Mr Breithaupt's two years as CEO, shares in Restaurant Group have dropped by 44%.  Get our August issue while it's hot! Click HERE to read. Animal genetics specialist Genus (GNS) saw its shares fall by 8.05% to 1,782p after a US jury found that Genus subsidiary ABS had materially breached a confidentiality agreement between itself and Sexing Technologies. The court found that Sexing Technologies had maintained a monopoly, but Genus were unable to show that they had been harmed by this. The financial outcomes of the case are as yet unclear. E-commerce systems developer CloudBuy (CBUY) said its revenues fell 11% to £785,000 during the six months ended 30th June. However, the loss before tax narrowed to £2.4 million, from £3.1 million in the comparative period, and management said that the company's full year results should be in line with those of the previous year. Shares in CloudBuy climbed 1.75% to 7.25p.  Monday's news today Bovis Homes (BVS) and Clarkson (CKN) will release interim results. Quote of the day "Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception." - George Soros Latest Stories Something for the Weekend – How Are Pubs Looking Now? By Adrian Kempton-Cumber My local pub has a movie night on a Monday. I saw a zombie movie there and I don't want to ruin it but everyone dies at the beginning. I wrote last June about the phenomenon that was making the pub business very lucrative for those that were getting it right… Click Here To Read The Full Story Chart of the day: Tullow Oil By Zak Mir While it may be argued that we are spoiled for choice in terms of bullish contenders for stock selection now that equity markets are back at highs and looking comfortable, it still pays to pick out the best looking technical situations if only to try to stack the odds of success in our favour… Click Here To Read The Full Story Chart of the day: British American Tobacco By Zak Mir The success of Fever Tree Drinks (LON:FEVR) over the past year reminds us, if it were necessary, that so called "sin stocks" of all shapes and sizes can be a great asset class to invest in. On this basis British American Tobacco has to be regarded as a core holding… Click Here To Read The Full Story Caledonia Mining: Is the Optimism Justified? By John Cornford Writing in the Magazine this month, Richard Gill has re-iterated his bullish view for Caledonia Mining (AIM:CNCL) after its substantial bull run. I have to disagree. While the company was an obvious beneficiary back in January of any improvement in gold... Click Here To Read The Full Story The Evil Diaries: The Person from Porlock By Evil Knievil As some readers know, the Person from Porlock came to Coleridge's door as he was writing Kubla Khan. The interruption caused Coleridge to lose his train of thought with disastrous circumstances… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. 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