by martin robertson | Jan 15, 2024 | Investment Commentary
A stellar last couple of months meant that global stock markets ended 2023 firmly higher, with the MSCI All Country World Index delivering an 18% return, in sterling terms. The Q4 rally was largely based on a growing expectation of a significant reduction in interest...
by martin robertson | Jan 15, 2024 | Investment Commentary
November provided investors a strong set of returns as stock and bond markets reacted to a growing expectation that central banks are not only at the end of their cycle of increasing rates, but that decreases will start to occur from the middle of next year. The MSCI...
by martin robertson | Jan 15, 2024 | Investment Commentary
A growing feeling that a “higher-for-longer” interest rate environment is taking hold weighed on stocks and bonds into the end of the third quarter. However, UK investors were largely shielded from these declines due to a sizable depreciation in the sterling to US...
by martin robertson | Sep 18, 2023 | Investment Commentary
August marked the first monthly decline for global stock markets since February, although a recovery into month end and depreciation in the GBP/USD rate meant the majority of losses were recouped. The weakness emanated from renewed concerns for the health of the...
by martin robertson | May 23, 2023 | Investment Commentary
The narrative surrounding financial markets shifted in February. A series of stronger than forecast economic data releases raised concerns that central banks may raise interest rates higher than previously expected. This caused equity markets to hand back some gains...
by martin robertson | May 23, 2023 | Investment Commentary
Market volatility reduced in April, with stock and bond markets experiencing calmer conditions. For sterling-based investors the MSCI All Country World ex UK Index was marginally negative for the month compared to a positive return on UK equities of 3.6%. Gilts yields...
