UK Master Model
Portfolio Mandate
Objective:
Preserve and compound capital over full cycles with explicit attention to growth, drawdown risk and concentration limits.
Design Constraints:
Global Long-only. Diversified. Rules-guided. No leverage. No forecasting.
Illustrative asset class weights
ENR 25%
LRCX 15%
UCG 15%
ASML 10%
FRES 10%
GE 10%
BAB 5%
BBVA 5%
MU 5%
Country exposure
USA: 30%
Germany: 25%
UK: 15%
Netherlands: 10%
Spain: 5%
Geographic exposure
Industrials: 30%
Financials: 20%
Semiconductor Equipment: 20%
Information Technology: 10%
Materials: 10%
Aerospace & Defence: 10%
Allocations reflect a disciplined balance under current risk conditions. Illustrative framework only.
Section 2 — Monthly Review Note
Review Outcome
Moderate rebalance
AFF -5%
DPLM +5%
FRES +10%
IMI +5%
Sold 100% HSBA, IMB, NWG, STAN
Rationale
Allocation remains consistent with risk balance and diversification objectives. Recent market developments do not warrant structural adjustment.
What We Ignored
A modest rebalance was implemented to preserve concentration limits given changes in volatility and valuation dispersion.
Monitoring Model Drawdown
This framework may underperform during periods of strong momentum or narrow market leadership. It is designed to prioritise resilience and capital continuity over short-term optimisation.
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