Watch our latest market update video: Head of Investment Office Jon Cunliffe and Fund Manager James Godrich bring their latest update on the global economy, markets and asset selection for the JM Finn Investment Management Service portfolios.
- US equities have underperformed amid a significant unravelling of the AI narrative that has driven global equity growth over the last two years.
- Conversely, a rally was seen in European stock markets due to reflationary policies.
- Diversifiers play an important role in portfolios by offering returns that are uncorrelated with the performance of asset classes such as equities or bonds.
- Lower UK interest rates are making UK gilts more attractive, while gold is a cornerstone of portfolio diversifiers – acting as a hedge against geopolitical tensions that may impact other asset classes such as equities.
The value of securities and their income can fall as well as rise. Past performance should not be seen as an indication of future results. All views expressed are those of the author and should not be considered a recommendation or solicitation to buy or sell any products or securities.
