Following a sharp equity sell off towards the end of January, February saw a welcome return to growth in the markets. Global economic data for the first two months of 2014 has been largely positive and in line with expectations.
Following a market rally throughout December, there was widespread optimism regarding market sentiment for 2014. The majority of broker reports seemed to indicate the FTSE100 would break through 7000 points for the first time and some even suggested 7500 may be possible by this time next year.
Trustees have the overall responsibility for the investment of a charity’s funds, however we are now seeing an increasing trend in trustees choosing to delegate ongoing investment decisions to a third-party.
The US equity market reached a record high in November, the S&P500 rising 3%, although the gain for a sterling investor was pared back to just 1% due to sterling strength.
Matthew Clark has just been awarded finalist in the national Chartered Financial Planner of the Year Award.