Report for August 2011

In August the FTSE100 fell 8%: a serious fall for all UK investors. Everything in our portfolio fell in value except Severn Trent, and the European and US funds did uniformly poorly. On the other hand, the corporate bonds and bond funds were again a stabilising element.  We made a paper loss on our portfolio of just over £1000 this month and the Club's Unit Value fell 7%.