It may seem counterintuitive for UK investors dominated by a shock Brexit result, but almost all financial markets enjoyed strong returns in July 2016. UK equities returned around 4.00%, global equities fractionally more and gilts returned 2.00% (with ten year yields falling below 0.7% as markets moved to price in further easing by the Bank of England). […]
Continue ReadingThe 7IM Personal Injury Fund – June 2016 Comment
Markets were understandably shocked by the UK Brexit Referendum result. As the polls closed, betting markets reflected a probability of a Remain outcome, and key Leave campaigners appeared to be conceding defeat. Hours later, early results confirmed that a shock was unfolding: far from the expected continuation of status quo, we were entering new and uncertain territory. Investors were […]
Continue ReadingBrexit Comment
The biggest risk to any investor is abandoning a long-term strategy based on short-term anxiety. The historic decision by the people of the UK to leave the European Union has no precedent. It will take time for the UK to re-establish relationships with Europe and the rest of the world. Most of Nestor’s clients are […]
Continue ReadingThe 7IM Personal Injury Fund – May 2016 Comment
Stock markets generally rose through May around the world – at least for developed markets. Investors continued to step back from the growth scares that dominated the early part of the year, as the weight of data confirming a resilient global economy continued to build, and the recovery in oil prices (reaching close to $50 a barrel by late May – from a low of around $25 in February) continued […]
Continue ReadingThe 7IM Personal Injury Fund April 2016 – Comment
For most major equity markets, the rally seen in March carried on, at least for the first three weeks of April. Equities generally took heart from a pick-up in the tone of economic data and leading indicators, confirming that February’s recession fears were wide of the mark and from a continued rebound in the oil price. […]
Continue ReadingThe 7IM Personal Injury Fund March 2016 – Comment
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. […]
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