Insights

This month saw us reduce our allocation to REITs and for the first time move to an underweight position in listed markets.
Our asset allocation consultants, Heuristic Investment Systems, explained that this is due to the growing drawdown risk with REITs as bond yields have risen.
Financial conditions have tightened considerably, with global equities down 15-20 per … Read More

Since the devastating war in the Ukraine commenced, equity markets (except for those in Europe) have been on a strong run, and even those that were bearish at the beginning of this calendar year were seeing equities test new highs in some cases.
At the same time bond markets have been selling off, market interest rates … Read More

At the beginning of the calendar year we reiterated our view that 2022 would not be a repeat of 2021.
With the devastating war in the Ukraine and the focus on inflation and interest rates in January of this year, markets have not only experienced downside but uncertainty and volatility.
Markets dislike uncertainty and what the conflict … Read More