The Best and Worst Performing Assets of 2017

Of the regular 39 assets in our sample, a very impressive 38 finished with a positive total return in USD terms and 36 did so in local currency terms.

The S&P 500 (+21.8%) ended the year with a positive return in every month – the first time this has ever happened in the 90 years of monthly data.

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Landslide Victory for Japan PM Shinzo Abe, Could Japan now be set to Outperform Emerging Markets?

Shinzo Abe Election

A landslide election victory for Japan Prime Minister Shinzo Abe on Sunday sent the yen down and stocks in Tokyo higher, with the path paved for a continuation of loose monetary policy.

With Abe now in good political shape ahead of a pending decision on nominating the Bank of Japan’s leadership, the Japanese currency slumped to its weakest since July. The nation’s two main benchmarks extended their recent rallies that sent them to the highest in at least a decade. Could Japan’s equity market now be set to outperform emerging markets? Learn more

July Performance

pmx

July Overview
Generally positive economic news as well as a weakening dollar provided the backdrop for investors in July. For UK investors, this meant strong positive returns from almost all asset classes. Politics and Central Bank messaging continued to influence markets, but in a slightly more subdued manner than had been the case throughout the rest of the year. Learn more

PortfolioMetrix November Market Update

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The big news of the month was the election of Donald Trump as 45th president of the United States of America which world equity markets ultimately responded well to when viewed in local currencies. Bonds, however, generally fell in price as whilst Trump’s spending plans are likely to spur short to medium term growth they look likely to radically increase the fiscal deficit and push up inflation. For UK investors, after a tough post EU referendum period, the pound strengthened strongly in November which put pressure on the returns of overseas assets when converted back to sterling. Learn more

PortfolioMetrix: August Performance Update

Screen Shot 2016-06-21 at 13.39.15 August Overview
After an eventful few months in the UK, August was relatively quiet from a market point of view, with a large portion of Europe on holiday. For those left at their desks, the outlook for US interest rates and to a lesser extent a recovering (and then slightly fading) oil price seemed to drive most activity.

Quiet months are often good ones from a portfolio perspective, and so it proved this month too. The latest performance analytics pdf is available here and August commentary is available below. Learn more

Momentum GIM Harmony Portfolio Q2 Update

In this month’s vodcast, Momentum Global Investment Management Portfolio Manager, Andrew Hardy, reviews the latest Harmony Portfolios’ performance as well as the main themes, the asset allocation drivers of performance and how the portfolios are positioned today.

To learn more about the Harmony Portfolios, or to discuss the benefits and savings from having your investment or pension actively and professionally managed by a UK FCA regulated, discretionary investment manager, speak to Intelligent Investments today.

The Best And Worst Performing Assets In May

May was a month of decoupling: oil decoupled from the dollar, and global risk decoupled from the once again sharply devaluing Yuan, but most notably May was a month where Fed rate hike expectations repriced midway through the month.

As Deutsche Bank’s Managing Director, Global Head of the Fundamental Credit Strategy Group, and Strategist,  Jim Reid  points out, markets largely took the move in their stride and reversed a difficult start to the month. Having said that we saw evidence of the repricing with dollar strength and Emerging Markets/Gold weakness a theme.

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