NEWS

AUGUST 2021 MARKET UPDATE

— Aug 25, 2021
AUGUST 2021 MARKET UPDATE We have been optimistic about the potential for returns from equities for a long time, reinforcing that view by adding to our positions significantly during the plunge in global stock markets last year triggered by the pandemic. As stock markets have marched...

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JULY 2021 MARKET UPDATE

— Jul 30, 2021
JULY 2021 MARKET UPDATE Our concerns over equity valuations, particularly in the U.S, are rising again. Over the last twelve months the US stock market (S&P 500) has risen by 26%. This alone is eye-catching and worthy of recognition. The manner in which it has risen is also notable - it has...

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JUNE 2021 MARKET UPDATE

— Jun 29, 2021
JUNE 2021 MARKET UPDATE Markets have continued their goldilocks drift upwards - limited gains but very low volatility. Equities are rising, fixed income is stable, property likewise. Industrial commodities (including oil) have retained their strong gains of recent months and the only movement of...

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APRIL 2021 MARKET UPDATE

— Apr 30, 2021
APRIL 2021 MARKET UPDATE March saw global equities take a dip mainly due to the rise in bond yields. Global bond yields have been at record levels for some time, many providing a negative yield: if investors hold them until maturity they are certain to incur a loss of capital, never mind the...

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