Investment Commentary

See the latest thoughts from the fund management team here.  We discuss the main economic themes, investment trends and political developments and explore the implications of these for the Future Money portfolios and wider markets.

These articles are intended only for the use of professional financial advisers.

They do not constitute advice or verified factual information.

Latest Investment Commentary

Market Update

28th September 2023

The latest UK inflation figures were released in mid-September. While the pace of price rises has fallen in a convincing trend since the peak in October 2022, fears had been mounting that the latest figures would show a renewed jump. Such concerns have so far been unfounded, with the headline number actually falling from July’s reading. While only a marginal drop, with the slowing pace of food price rises more than offsetting the jump in motor fuel prices, a continued downward path in inflation could be seen.
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Market Update

25th August 2023

Over the past month markets have continued to follow the pattern which has been common to 2023 so far. Rally when economic activity looks weaker as interest rate expectations can ease, then fall as inflation pressures mount and thoughts return to higher rates.
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Market Update

19th July 2023

This morning saw the release of the latest inflation figures for the UK and for the first time in many months, the pace of inflation came in lower than expected. Where the good news is limited, however, is that this is just one step along the path to more stable prices.
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Market Update

6th July 2023

The current dilemma facing central banks is whether to raise interest rates to stem inflation, or to ease off in order to protect economic growth. With high inflation itself being an eventual threat to economic growth, the Bank of England and its peers are pursuing the former, believing a battle with inflation to be the lesser of two evils.
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Market Update

15th June 2023

The UK economy grew by 0.2% in April, partially offsetting the 0.3% fall in March. Thanks to a strong February, over the past three months the total figure is growth of 0.1%. Hardly a high figure, but given that it is positive, it is better than many expectations from earlier this year.
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