Investment Management

CPN run a series of active and passive strategies across different tax wrappers.

Investment Portfolios

We have built our reputation as a trustworthy and reliable investment firm as a result of our dedication to diligent analysis, a long term perspective, and our commitment to the preservation of capital. As a firm, our primary goal is to provide the best risk-adjusted returns we can for our clients. This means that whilst we are always striving to outperform the market, we will never attempt to do so by exposing capital to significant downside risk.

We feel that whilst most people invest with the goal of making returns, it is important that they are never subjected to permanent deprivation of capital. We have a commitment to risk management that permeates everything that we do and underlies all of the portfolios that we manage.

We build our portfolios using a wide range of asset classes and gain access to them using a combination of collective funds. We operate a core and satellite approach with a mix of passive and active strategies.

Tactical Switching Service

The flagship service that we have been running since 1986, the tactical service gives a full discretionary mandate to the CPN Investment Team. The portfolios attempt to achieve market outperformance by moving tactically between cash, fixed interest and equities. The primary strategy of the portfolios is to sell out of equities before market downturns and to buy back in prior to the recovery. The portfolios, therefore, aim to achieve positive market returns over the longer term in all market conditions.

Tactical Full Portfolio

Risk is Moderately Adventurous - 7/10

Tactical Full

This investment portfolio aims to obtain high levels of growth through investment in more risky markets. The tactical portfolio gives our discretionary team maximum flexibility to move between different risk profiles as market conditions change in order to achieve market outperformance.

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Tactical Limited Portfolio

Risk is Moderately Adventurous - 6/10

Tactical Limited

The aim of this investment portfolio is to allow our investment team full discretion to move between different sectors and asset classes within the market, but constraining them so that they will never move above a Balanced risk profile.

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Model Portfolio Service (MPS)

The MPS is an actively managed investment service constructed in response to the need to recognise the different aspirations and goals of our clients and the varying appetites for risk they might have. The MPS is made up of a series of portfolios with different strategies ranging from Very Cautious through to Adventurous.

Each portfolio features a different blend of assets to reflect the trade-off between seeking to maximise returns whilst simultaneously protecting capital and minimising the potential for loss. Each portfolio is constantly monitored, reviewed, and optimised by our dedicated investment team. It is our goal to achieve the best possible returns for each portfolio whilst maintaining a considered and disciplined approach to managing the risk parameters.

Fixed Interest Portfolio

Risk is Very Cautious - 3/10

Fixed Interest Portfolio

Capital preservation is the key focus of this portfolio. It aims to achieve returns slightly above cash with the minimum volatility and minimal downside risk as a priority.

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Defensive Portfolio

Risk is Cautious - 5/10

Defensive Portfolio

This portfolio aims to achieve modest growth and income whilst looking to preserve the value of capital and keep volatility to a minimum.

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Balanced Portfolio

Risk is Balanced - 6/10

Balanced Portfolio

This investment portfolio aims to achieve growth & income through a balanced exposure to a range of different asset classes.

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Global Growth Portfolio

Risk is Moderately Adventurous - 7/10

Global Growth Portfolio

The aim of this investment portfolio is to achieve higher levels of growth and income in the medium-long term through an equity-focused investment approach and international exposure.

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Global Equity Portfolio

Risk is Adventurous - 9/10

Global Equity Portfolio

This investment portfolio aims to obtain high levels of growth through investment in more risky markets. The strategy looks to embrace volatility in search of increased long-term returns.

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Income Focus Portfolio

Risk is Balanced - 6/10

Income Focus

The primary goal of this investment portfolio is to provide a constant income stream and has an expected target yield of 4-5% per annum.

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Inheritance Tax Portfolio

Risk is Very Adventurous 10+/10

Inheritance Tax Portfolio

Our IHT Portfolio invests in a selection of individual stocks from the AIM market. It is designed specifically for inheritance tax purposes and is a high-risk portfolio that investors should only utilize under strict advice from their financial planner.

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Ethical Portfolio Service (EPS)

The EPS is an actively managed investment service constructed in response to the fact many clients now wnat to ensure that their portfolios match their ethical sensibilities. The EPS range follows broadly the same strategy and allocation as the main Model Portfolio Service, but it takes into account environmental, social and governmental concerns.

We run three separate EPS portfolios to cater to the different risk categories, from the cautious investor up to the more adventurous. All of the portfolios screen out “unethical” companies like weapons, oil, and countries with questionable governements. A number of our funda also seek to make positive change by not only screening out bad companies but actively investing in companies that do good or promote a better world whilst still achieving good investment returns.

Ethical Defensive Portfolio

Risk is Cautious - 5/10

Defensive Portfolio

This portfolio aims to achieve modest growth and income whilst looking to preserve the value of capital and keep volatility to a minimum.

Ethical Balanced Portfolio

Risk is Balanced - 6/10

Balanced Portfolio

This investment portfolio aims to achieve growth & income through a balanced exposure to a range of different asset classes.

Ethical Growth Portfolio

Risk is Moderately Adventurous - 7/10

Global Growth Portfolio

The aim of this investment portfolio is to achieve higher levels of growth and income in the medium-long term through an equity-focused investment approach and international exposure.

Select Portfolio Service (SPS)

The SPS range is an actively managed investment service but the underlying holdings of the portfolios are passive structures, primarily Index trackers. The portfolios are all also formally risk-rated but we have a more limited range than in the MPS service, focusing on the 5 core risk profiles we work with.

The portfolios follow a very similar strategy and are run by the same investment team as the MPS range, but the primary difference is that the SPS range are constrained within the market by cost. The TER of the portfolios never goes above 0.25% making them extremely competitive in today’s market place. By linking their investments to one of these portfolios, our clients can gain access to a low-cost portfolio management service that ensures their holdings are constantly adapting to changing market conditions.

Select Portfolio 1

Risk is Very Cautious - 3/10

Select Portfolio 1

This portfolio seeks to minimise the risk of loss whilst delivering the maximum return possible. It invests a high proportion in fixed interest, but also holds other assets such as property and infrastructure.

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Select Portfolio 2

Risk is Cautious - 5/10

Select Portfolio 2

This portfolio is for investors whose attitude to risk lies towards the lower end of the risk spectrum. It is well balanced between fixed interest and equities in addition to offering slightly more protection in the event that there is high stock market volatility.

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Select Portfolio 3

Risk is Balanced - 6/10

Select Portfolio 3

This portfolio invests in a wide variety of assets, typically including assets in developed and emerging markets. It is suitable for an investor who can accept larger volatility in their portfolio in order to achieve higher potential returns.

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Select Portfolio 4

Risk is Moderately Adventurous - 7/10

Select Portfolio 4

This portfolio seeks high levels of capital growth through investing a high proportion of global equities, including emerging markets. It will also include some fixed income and property to help reduce risk.

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Select Portfolio 5

Risk is Adventurous - 9/10

Select Portfolio 5

This portfolio aims to achieve the highest possible growth by allocating up to 100% of holdings within equity. It will typically invest in companies of all sizes and contain a well-diversified approach to industries and sectors.

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