Responsible Investor Portfolio Weekly Update, November 21th, 2020 | $TCEHY $NEM $BK $SYF $CLIX $GRUB $PCG $LVMUY $LRLCY $PEUGF $IMPJY $TERRF $DSV.CO $DANSKE.CO $BRK $UMC $JD $ADSK $GMAB $DVA $BYDDF $GOOG $AZN

More positive vaccine news came in this week with Moderna ($MRNA) announcing that their vaccine is 95% effective and requires much higher storage temperatures than Pfizer’s thereby simplifying logistics, Pfizer ($PFE) upping the effectiveness of their vaccine to 95% and Astrazeneca ($AZN) reporting that their vaccine produces a strong immune response in older adults. These news pushed the markets higher in the first half of the week. Thursday and Friday wiped off the earlier gains as other news dominated the narrative about Covid-19 numbers, including New York closing its schools, and further delays in the start of the orderly transition of powers to the next US President.

All of the above resulted in a mixed bag in terms of stock market indices performance. In the US, the Nasdaq was the only index delivering a nominal gain of 0.2% whereas the Dow and the S&P500 were down 0.7% and 0.8%, respectively. The Energy sector was the leading one this week. European stock market indices generally delivered a weekly gain as the Stoxx index rose 0.9%, the Italian FTSEMIB was up a 3.6% and the Danish OMX20 finished 1.5% higher.

The biggest winners of our Responsible Investor portfolio were $PCG and $WBD.MI. Our two positions in the Californian energy company are now up 20 and 25% respectively. The Italian-based contractor has delivered its third consecutive weekly double-digit gain.

We added our first drug stock this week, $GMAB.CO, which is already up 2.7%. The company is headquartered in Denmark but is also traded in the US stock market (ticker: $GMAB). Genmab is grossly undervalued based on future earnings estimates and has an outstanding track record having delivered a 40% annual capital appreciation to its shareholders over the last 10 years. It is a pure growth stock hence it does not pay a dividend.

Next week $TRN.MI goes ex-dividend. Italy’s TSO has a 4.1% annual dividend yield. Three more stocks of our portfolio go ex-dividend in December. $ADSK will release their earnings on Tuesday.

Our Responsible Investor portfolio is now up 10.8% (11.5% including dividends) in just over 6 months. We are about 54% in stocks & ETFs and 46% cash. On my watchlist this week I have $AZN, $DVA, and $GOOG.

The table below summarises the portfolio performance since inception.

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