Weekly Market Update

News this past week:

  • Markets climb on ‘Santa Claus rally’
  • ECB extends quantitative easing programme
  • Volatile week for Italian banks following referendum
  • Encouraging trade data out of China
  • Oil surges after more countries agree to cut production

James Klempster (CFA) of Momentum Global Investment Management shares his view:

As this is my final blog of 2016 I felt it an apt time to look back on the year and to look forward to some key issues for 2017.  My colleague, Glyn Owen, will be writing a far more detailed review and outlook which will be published in the coming days .  2016 was a year of mixed fortunes for investors, a very weak start set precedence for what looks likely to be a decent year for equity markets. 2016 will be best remembered for its twin political surprises of Brexit and Trump, or Brump, if you will. Whilst both being seismic-scale political events, the fact that their respective domestic markets brushed them off underscores the fact that a macro or political story is not the same as an investment case.  To put it another way – even if you had called both elections correctly, would you have positioned your portfolio to benefit from an equity rally in either case?  Probably not.

To read the full update please click here

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A Quest for Genuine Diversification

QROPSAs the cliché goes, there are no free lunches, but when investing, diversification is as close to one as you will get.

At Intelligent Investments we believe that a lack of true diversification and overvaluation of certain assets has introduced more risk to portfolios than many investors may appreciate, despite on the face of it having exposure to multiple asset classes and holdings, making them vulnerable to unnecessary drawdowns.

Our Discretionary Investment Managers, including UK regulated Momentum Global Investment Management have been looking beyond traditional asset classes for investments that can improve both the risk and return characteristics of our clients’ portfolios.  This has led them to add holdings in certain ‘liquid alternative’ strategies and gold, which we believe will play a valuable role in portfolios going forward.

Click here to learn more and the rationale for these changes.

Click here to learn more the about benefits of having your investment or pension professionally managed by a UK regulated discretionary investment manager.

Weekly Market Update

News this past week:

  • US indices record new highs
  • Fillon wins French centre-right primary
  • UK Q3 GDP growth at +0.5% amid sombre OBR forecasts
  • Euro area PMIs show encouraging signs of growth
  • Trump reiterates intent to leave TPP

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Weekly Market Update

News this past week:

  • China’s economy grows at an annualised rate of 6.7% in Q3
  • European bank shares rise following uneventful ECB meeting
  • UK CPI jumps month-on-month
  • US dollar strengthens as company earnings season commences
  • Portugal’s sovereign bond rating avoids decisive downgrade

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Weekly Market Update

News this past week:

  • Dollar strengthens as market prepares for Fed rate hike
  • Inflation expectations rise in the UK
  • Bond yields rise amid tapering rumours
  • Chinese trade data disappoints, whilst inflation rises
  • Eurozone industrial production beats expectations

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Weekly Market Update

• Sterling vs USD lowest since 1985, whilst UK equities reach record highs
• US economy adds 156,000 jobs in September
• Dollar rises as expectations converge on December rate hike
• ECB rumours trigger rise in global bond yields
• In commodities, oil rises and gold falls

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Weekly Market Update

News this past week

  • Oil prices rise as OPEC agrees to curb production
  • US Q2 GDP revised upwards
  • UK PM announces deadline for triggering Article 50
  • Eurozone see encouraging economic data releases
  • Japanese markets fall as deflation continues

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