Investment Line is a regular investment bulletin produced by Mattioli Woods plc. The communication provides an update on funds, highlights some of the areas we are focusing on, and shares our thoughts on the issues of the day.
The global rally continues to build momentum yet the risks remain elevated, so we continue to be cautiously positioned.
No changes to our thinking here – our key regional preferences remain the same.
Expect a resumption in Brexit news now Easter is out of the way and the European elections approach – we remain light in our equities weightings.
Global growth is a concern, but we are adding to smaller companies for more growth-focused portfolios, trimming a small investment grade position there.
We continue to upgrade the quality of fixed income exposure in more defensive and cautious portfolios, with an increase in US Treasuries at the expense of investment grade.
Property has been holding up well considering the ongoing UK political uncertainty. We can afford to hold our positions having taken the necessary precautionary steps on liquidity.
We continue to move towards lower-volatility vehicles for more defensive clients. Overall, these strategies form a crucial part of our cautious strategy for investors.
No change here – we continue to hold reasonable cash positions lower down the risk spectrum, which can be deployed when opportunities arise.
Investment Line is written and edited by members of the Mattioli Woods Group investment committee and is for information purposes. It is not intended to be an invitation to buy, or act upon the comments made, and all/any investment decisions should be taken with advice, given appropriate knowledge of the investor’s circumstances. The value of investments and the income from them can go down as well as up, and you may not get back the amount invested. Past performance is not a guide to future returns.
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