PERFORMANCE UPDATE – MARCH 2024

19 March 2024

Markets still in recovery mode but as we begin to see how both the US and UK elections might look like, can markets continue on this trajectory?

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Dear *|FNAME|*

Politics has been a prominent topic in recent weeks following the confirmation of the two US candidates for this years election in November. There aren’t any surprises regarding their identities, and it’s anticipated that their campaigns will be both close and unpredictable. Despite the strong and stable economy in the US, this has not yet resulted in higher approval ratings for Biden.

Closer to home, Chancellor of the Exchequer Jeremy Hunt has presented his Spring budget. We’ll dive deeper into the implications of the budget for you in our monthly newsletter, but the general consensus is that it fell short in influencing the polls. A 2p reduction in national insurance is certainly beneficial, but it seems insufficient in making a significant impact.

This data is net of fund charges but does not include potential platform costs or advisor charges which are likely to alter the overall returns set out above.

Portfolio Performance

Our core model portfolios continue to recover those losses experienced in 2022, and some key allocations towards the US, Europe and China have all provided strong returns over the past month, and although interest rate cuts are being pushed out further, investors are now focused on fundamentals rather than the Fed!

Any questions or views, please get in touch in the usual way!

Warm Regards

Louis Greening
Investment Specialist

Our mailing address is:
[email protected]

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