Monthly Update 30/06/2023
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 […]
Ear to the Ground
A quieter week for data on both sides of the Atlantic this week…
Ear to the Ground
It is difficult to put pen to paper, or should I say fingers to the keyboard, these days without making reference to central banks.
Ear to the Ground
This week was another big one for central banks, with both the European Central Bank (ECB) and US Federal Reserve meeting to set interest…
Ear to the Ground
This week could perhaps be defined as one of mixed messages and about turns.
Monthly Update 31/05/2023
Monthly Update31 May 2023 The Fund posted a return of -0.94% for May, marginally underperforming the sector average return of -0.60%. Main equity markets returned a mixed performance in May. One of the strongest performers was the Japanese market. Here there was a positive response to news that there was unlikely to be any change […]
Ear to the Ground
The good, the bad, but hopefully not the ugly. The UK had news this week which quite nicely fits into all three categories.
Ear to the Ground
Economic data has been thinner on the ground over the last week. That which we have seen, however, appears to suggest that a US recession remains on the horizon.
Ear to the Ground
We start with the UK this week where, as expected, the Bank of England hiked rates by a further 0.25% to 4.5%. This was the 12th consecutive rise, with there again being split opinion, with 7 voting in favour of the hike whilst 2 voted in favour of no change.
Ear to the Ground
It was more about economic growth rather than inflation when it came to data released and there were a few surprises. In the US we saw the release of the first estimate for first quarter GDP.
