Welcome to the September issue of our newsletter keeping you up to date with investment matters. We hope you find it interesting.
You can contact us at advice@argylefinancialgroup.co.uk

Your portfolio is performing well as a result of positive investment conditions throughout the World. Our job as your investment adviser is made easier when markets are doing well, but of course we cannot afford to be complacent.

We are constantly monitoring the funds which are used in your portfolios to make sure that we are getting the best returns on your money. It is important to check that each individual fund is doing "exactly what it says on the tin" and our research process is designed to do just that.

There are currently several thousand funds available to UK investors and our research process filters out a panel of funds to match each of the main Asset classes in your portfolio (e.g Property, Bonds, Equities). From time to time we will examine each of these fund panels to check that they continue to meet our criteria, and to make any changes that will benefit your portfolio.

You will find that we will occasionally recommend a switch from one fund to another within the same Asset class in your portfolio. Argyle will not charge you for switching funds and this will only be done to bring your portfolio into line with our current fund panels.

Fidelity Special Situations Fund is a topical illustration of the need for good research.

This fund has been very successful for many years under the management of Anthony Bolton. Fidelity have recently announced a number of strategic changes to the Special Situations Fund to anticipate the retirement of Anthony Bolton in the next year or so.

We will be making our comments on the changes and our recommendations about the future of the fund in a separate announcement in the near future.

We know from the use you make of the Transact website that you like the transparency of the way in which we manage your money. The Argyle website is currently being redesigned to show you much more of how we conduct our fund research and why we recommend the funds that we use in your portfolio.

Your comments and suggestions are very welcome and help us to give you the best possible service.