Increasing Equity Exposure

Increasing Equity Exposure

The softer inflation data released in the USA yesterday led to a sharp rally, which was further propelled overnight by China easing Covid restrictions. As I wrote earlier this week, the end of rate hikes is within sight, and the pace will slow. This seems ever more likely, and following recent purchases in UK property and biotech, I believe it is right to further increase risk in portfolios. This comes from a low base, having been cautious in 2022. There is no time to lose.

The objective is to increase equity exposure while embracing both diversification and opportunity. These recommendations take advantage of the value on offer following a weak year in the stockmarket. I shall cover these recommendations in more detail in Tuesday’s issue.


Buy 5% WH Smith (SMWH)

Buy 5% JD Sports (JD)

Buy 5% Synthomer (SYNT)


Buy 5% Temple Bar Investment Trust (TMPL)

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General - Your capital is at risk when you invest, never risk more than you can afford to lose. Past performance and forecasts are not reliable indicators of future results. Bid/offer spreads, commissions, fees and other charges can reduce returns from investments. There is no guarantee dividends will be paid. Overseas shares - Some recommendations may be denominated in a currency other than sterling. The return from these may increase or decrease as a result of currency fluctuations. Any dividends will be taxed at source in the country of issue.

Funds - Fund performance relies on the performance of the underlying investments, and there is counterparty default risk which could result in a loss not represented by the underlying investment. Exchange Traded Funds (ETFs) with derivative exposure (leveraged or inverted ETFs) are highly speculative and are not suitable for risk-averse investors.

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