Report for May 2011

May was a cautious month on the stock market and the FTSE100 has been wobbling just below 6000, ending 1% lower. However, our portfolio held steady and so did the Unit Value which continues the steady progress shown over the last 2 years. Our only noticably good performer was Tesco, up 4%. 

The switch-over to funds seems to have reduced the volatility in our portfolio very well.  The 12-month Unit Value gain of 9.3% is more than satisfactory.