After the excitement of last week, the markets have been healthily benign with a tick upwards for some indices in the technology space and for government bonds.
Our recent switch into bonds has worked in the short-term but we expect bonds to outperform most other assets through the next 6 months or so.
There are always areas to invest but one has to be guarded about risk and volatility, capital/income requirements, concentration risks and also the period of time for money to be invested. The success stories of 2023 so far are technology and the equity performance in specific geographic locations like India. Both of a high-risk nature. Even so-called low risk assets, like gilts, have proved volatile though!
In this week’s Commentary I’m going to report on my visit to Legal & General Investment Management’s (LGIM) HQ and relay the essence of a talk with their Global Economist and the Head of Multi Asset Portfolios.
This week’s agenda is:
- Visit to LGIM
- Delivering value
- LGIM’s global outlook
- Investment strategy
- Is the US economy finally slowing down?
- UK Landlords struggling to meet mortgage payments
- UK escapes negative growth
Visit to LGIM
I was privileged to be invited to LGIM’s HQ on Wednesday for what they called a red-carpet day. We were invited to this inaugural event to hear about an investment strategy proposition but also to hear their latest views as to what lies ahead; economic and markets wise. We also helped them shape their post-retirement thinking around a new potential service.
It was an excellent event and, at times, it was quite revealing as to how other advisory and planning companies run their businesses. It’s always worth going to such events because there are always things to learn, but without meaning to sound self-satisfied, I am very pleased with our offering and how we are positioned.
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Our CEO, Gary Neild, writes an engaging Market Commentaries every week. If you would like to receive the full version straight to your inbox every Friday, please join our communications list.
Please Note: This communication should not be read as giving specific advice regarding your personal circumstances. This would only be given following detailed assessment of your individual needs. The value of investments may fall as well as rise; you may get back less than invested. Past performance is not necessarily a guide to future returns.