Report for July 2009

July was another good month and the "bull run" on the London Stock Exchange continues with the FTSE100 showing a 6% rise to 4547. Our portfolio rose 4% to £13,708 and the Unit Value rose 5% to 96.74. The Unit Value graph shows a steady parallel rise over the last five months since the trough in February 2009, and we are are now a little above the values seen at the start of this analysis six years ago.

The best performers were the China and European Funds and BHP Billiton (10% rises). Severn Trent disappointed with an 11% fall. Island Oil and Gas is drifting up and down with the currents in the Irish Sea, and we only hold onto this stock to avoid converting a paper loss to a real one!