Report for December 2010

In December 2010 we switched our holdings with F & C Asset Management (worth around £2400) from the old Multi-Manager fund (which was being subcontracted to an outside manager) into their Corporate Bond, Ethical Bonds, and Strategic Bond Funds split equally. These should provide some additional stability to our holdings and a steady income stream.

The 8% rise in the FTSE100 outperformed our Unit Value (3% up) and our stock holding (2% up), and two of our three share-holdings actually fell (Tesco and Severn Trent) although BHP Billiton steamed ahead with a 9% gain.

Overall, the 2-year pattern is showing a pretty steady upward trend and our strategy of spreading our investments over a wide range of asset-types seems to be paying dividends in terms of stability and growth.