2016 Market Review – Inflection Point in the Global Cycle

It might be an exaggeration to say that we are on the cusp of a new world order – but equally it just might not, we cannot be sure. What seems more certain is that we are at a great inflection point in the global economic and market cycle… It has very important implications for investors.

Click here for the 2016 Market Review and what markets may hold for investors in the New Year by Glyn Owen, Investment Director at one of our UK regulated discretionary fund managers, Momentum Global Investment Management.

May we also take this opportunity to wish you Seasons Greetings, and a Happy and Prosperous New Year from the team at Intelligent Investments.

 

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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

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.

PortfolioMetrix October Performance Update

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It was a terrible month for the pound and there was plenty of news from the US election to keep investors occupied. That said, suffering sterling did have the effect of raising returns on diversified portfolios, raising the performance on PortfolioMetrix Portfolios to all time highs during the month. Learn more

PortfolioMetrix: August Performance Update

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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

UK’s FTSE 100 Defies Brexit Blues to Charge into Bull Market

FTSE 100 Bull MarketThe FTSE 100 charged into bull market territory Monday and the pound spiked above $1.30 after Theresa May won the race to succeed David Cameron as Prime Minister.

A third day of gains helped push the UK’s FTSE 100 Index into bull-market territory.

After recovering from its post-Brexit plunge in just four days, the gauge of UK megacaps continued its rally, and is now up 21% from its February low. A dramatic plunge in the pound has made the gauge’s multinational companies more attractive since the country’s vote to leave the European Union. Analysts have joined investors and strategists in taking note, boosting profit-growth estimates for FTSE 100 members by about 4.5% in just over a week, the biggest such upgrade in more than a decade.

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Brexit – Keep Calm or Take Cover?

In the wake of the UK’s vote for a Brexit last week, politicians in both the UK and Brussels may be uncertain of their future, but should investors be panicking, and will Brexit present opportunities for investors once the dust settle?

One of the UK’s most famous hedge fund managers, Neil Woodford, says that investors need to look beyond the short-term fears hitting the markets following the UK’s vote to leave the European Union, and focus on the long-term gains that can be made as a result of Brexit.

Woodford rose to prominence as one of Britain’s best-performing fund managers while in charge of the Invesco Perpetual Income fund, managing just over GBP10 billion. He left in 2014 year to set up his own firm, Woodford Investment Management.

Woodford’s GBP8.5 billion Woodford Equity Income fund has returned 15% over the past two years, compared to just over 1% for the average fund in the sector in the same time period.

Learn more