Stock markets had rallied sharply in the second half of February as investors came to realise that their varied fears of a US recession, a dramatic Chinese economic slowdown or fatal weaknesses in the Eurozone banking system – were not supported by the facts. Stock markets had rallied sharply in the second half of February, as […]
Continue ReadingThe 7IM Personal Injury Fund February 2016 – Comment
February was an extraordinary month for global markets. At one level, not much happened: the FTSE 100 gained 0.2% for the month. But this hides a more volatile journey, with the index falling 9% in the first ten days of the month before recouping these losses in a violent rally to the end of the month. The […]
Continue ReadingThe 7IM Personal Injury Fund January 2016 – Comment
Stockmarkets sold-off sharply in January 2016 as investors sought to draw a link between significant falls in oil prices and the health of the global economy. It was an extraordinary start to the year, with equity markets posting one of their worst starts in decades, before a modest rebound in the last week or so […]
Continue ReadingThe 7IM Personal Injury Fund December 2015 – Comment
Markets ended the year with a fall back into the pessimism that dominated the second half of 2015. Almost every asset class was hit. Global equities fell 1.8% in December 2015, with European equities hit hardest, falling almost 5%. European equities were particularly hit by the mismanagement of expectations by the European Central Bank (ECB). […]
Continue ReadingThe 7IM Personal Injury Fund November 2015 – Comment
Global equities paused in November after October’s strong rebound (the strongest month for global equities in four years). While UK and US stocks were essentially flat for the month, other developed markets made further gains: European equities gained 2.8%, Japanese 1.4%. The US Dollar was strong, rising 3% against a basket of its key trading partners. […]
Continue ReadingThe 7IM Personal Injury Fund – September 2015 Comment
While early September seemed, at first, to offer some relief after August’s deep correction, this relief did not last. The Federal Reserve interest rate decision in mid-September was the first in recent times to hold even a chance of a rate rise being announced; in the event, Governor Janet Yellen announced “no change” – interest rates […]
Continue ReadingThe 7IM Personal Injury Fund – August 2015 Comment
Global stockmarkets sold-off violently in August. The initial trigger was perhaps the decision by Chinese policymakers to loosen their currency peg to the Dollar and allow a small (2.5%) devaluation of the Renminbi. This was interpreted by some as a natural step in the liberalisation of China’s markets, but by the many China-sceptics as a […]
Continue ReadingThe 7IM Personal Injury Fund – July 2015 Comment
After such a dismal June, most financial assets experienced something of a rebound in July – in the developed world at least. While it’s too early to talk of a final “resolution” of the Greek crisis, the step back from the possible abyss of Euro exit prompted an understandable surge of relief in markets. With […]
Continue ReadingThe 7IM Personal Injury Fund – June 2015 Comment
Financial markets remained unsettled during June, with investors rattled by the continuing, protracted negotiations between Greece and its European partners over a further bailout. Deadlines and ultimatums passed repeatedly with no resolution, and investors worried about default and the possibility of contagion from Greece undermining the financial system across Europe. While Greece dominated investor attention […]
Continue ReadingThe 7IM Personal Injury Fund – May 2015 Comment
The 7IM Personal Injury fund gave up some ground in May 2015, losing 0.4%. This takes the year-to date performance to 4.42% (B Acc) after five months of the year – close to 7IM’s expected long-term annual average return for the fund: Long-term returns achieved by the fund remain well above 7IM’s projections – the […]
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