Monthly Update31 October 2023 he Fund posted a return of -2.53% for October, performing in line with the sector average return of -2.52%. Major equity indices were in negative territory for the month. With labour markets, in particular in the US, remaining tight, the prospect for interest rates to be higher for longer increased. The […]
This week was one for inflation data, in particular from the US, as the market continues to try and interpret whether we have reached the terminal Fed Funds rate for this cycle.
Monthly Update30 September 2023 The Fund posted a return of 0.06% for September, outperforming the sector average return of -0.50%. Major equity indices returned a mixed performance for the month. Towards the bottom of the table was the Hang Seng, losing over 3% in local currency terms, as concerns over the health of the economy […]
There was very little in terms of UK economic data this week, anyone would think that it was the end of the summer school holidays! What we did have was the latest UK house price data, this time from Halifax.
Monthly Update31 August 2023 The Fund posted a return of -0.94% for August, outperforming the sector average return of -1.34%. Equity indices were predominantly in negative territory for the month, although they did partially rebound from their mid-month lows. Japanese equities were the only positive performers, with investors continuing to remain positive on the economic […]
Monthly Update31 July 2023 The Fund posted a return of 2.18% for July, outperforming the sector average return of 1.79%. Most major equity markets found themselves in positive territory in July, although there was dispersion amongst returns. The Hang Seng was a strong performer, with Chinese equities seeing a partial rebound after a weak period. […]
Not a week appears to go by where we aren’t discussing inflation.
Markets succumbed to a bout of weakness in the second half of the week…
Monthly Update30 June 2023 The Fund posted a return of -0.63% for June, underperforming the sector average return of 0.33%. Japanese stocks were strong performers in the month, with the Nikkei reaching a 33 year high. They continued to be buoyed by the prospect of the Bank of Japan maintaining its ultra loose policy. Corporates […]
It is difficult to put pen to paper, or should I say fingers to the keyboard, these days without making reference to central banks.