6 of the Best Portfolio (Mid/End July; Update)

The "6 of the Best" portfolio that began in June is still going strong. It is now up over 10% (as a crude benchmark the FTSE 100 index is up less than 2% over the same period).

If you remember the 6 of the best portfolio invests in 6 different funds. One core fund which is a large international or regional equity fund, an additional equity fund which can be any size or country or region, a bond fund (corporate or government bonds), a FTSE100 stock, a REIT fund and a commodity fund.

The table below shows our current holdings:

Fund		Ticker		Holdings	Price	Value	%
WPP		WPP.L		227	799p	£1,814	16%
FTSE China		FXC.L		29	6121p	£1,775	16%
Far East ex Jap Small Cap		ISFE.L		116	1519p	£1,762	16%
Wheat		WEAT.L		1,400	$2.29	£2,068	19%
UK Corp Bond		SLXX.L		14	12722p	£1,781	16%
Asian Property		IASP.L		123	1466p	£1,803	16%
Cash						£32	0%
Total						£11,035

The majority of the gains have come from a very successful trade in Wheat (WEAT.L) which is up 43% since mid June.

It's now time to sell wheat as we have a potentially better trade available in natural gas which has broken it's 100 day high for the first time in 4 years and looks a very promising investment with estimated returns of over 15% a year from our valuation model.

Therefore the new portfolio (with some rebalancing) looks like this:

Fund		Ticker		Holdings	Price	Value	%
WPP		WPP.L		230	799p	£1,838	17%
FTSE China		FXC.L		30	6121p	£1,836	17%
Far East ex Jap Small Cap		ISFE.L		121	1519p	£1,838	17%
Natural Gas		NGAS.L		21,928	$0.13	£1,839	17%
UK Corp Bond		SLXX.L		14	12722p	£1,781	16%
Asian Property		IASP.L		125	1466p	£1,833	17%
Cash						£70	1%
Total						£11,035

The Asian Property Fund (IASP.L) goes ex div tomorrow and will pay approximately a GBP24 dividend for our holdings. No other income on the fund is due at present.

Trading Update (FTSE100)

If you recall our list of FTSE100 stocks here we will have a quick look to see how they are performing:

Stock	13th July	24th July	Change
RSA Insurance	109p	107.5p	-1.4%
ICAP	310p	303.8p	-2.0%
BAE Systems	306p	305.7p	-0.1%
AstraZeneca	2,937p	2,958p	+0.7%
Morrisons	270p	273.6p	+1.3%
Legal & General	129p	124.7p	-3.3%
WPP	797p	803.5p	+0.8%
Tesco	314p	316.4p	+0.8%
Antofagasta	1,071p	1,039p	-3.0%
Old Mutual	156p	153.4p	-1.7%

Admittedly it's been less than 2 weeks since the last update but I thought I would add it to this post out of consistency. The performance hasn't been great with an overall fall of 0.79%. It compares well to the FTSE which has fallen 2.12% over the same period.

Overall since inception on the 28th of May the top ten in our list is up 6.81% compared to 3.51% up for the FTSE100.