Investment Commentary

Quarter 3 saw the US bull market continue to rally boosted by tax cuts and fiscal stimulus. The Fed’s continued quantitative tightening led to a

Global markets rebounded strongly in the second quarter of 2018 supported by robust US corporate earnings, the US tax cut and improved sentiment towards the

Developed equity markets have performed strongly in Q4 and continuing sterling weakness against the dollar has inflated overseas returns for UK investors.

The Summer and early Autumn have seen some pleasing returns for UK investors, as continued sterling weakness has flattered overseas returns.

Global markets experienced substantial volatility in Q2 as they continue to grapple with a number of economic and political issues. Although the main focus for

Global equities experienced a sharp sell-off at the start of 2016, reflected by the FTSE World index which fell 12% in January. Due to weak