Select Portfolio Commentaries

Equities performed well in November significantly outperforming bonds. November’s rally followed a strong month for equities in October

After a year in which we saw a combination of trade and tariff uncertainty and a general slowdown in global manufacturing...

The third quarter presented investors with difficult conditions, where the interplay between trade, monetary policy and growth, characterised the economic narrative...

Global equity indices declined during August as the U.S. and China exchanged tariff hikes, hurting investor confidence and raising trade concerns.

Global equities delivered a small positive gain in July amid reassuring global macroeconomic data, a temporary truce in the U.S./China trade war

Q2 brought largely negative news on the U.S.-China trade front (albeit at the end of the quarter the potential ceasefire in the trade war