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 currently focusing on, and our thoughts on the issues of the day.
Our cautious outlook remains with the introduction of a new strategy to help protect client portfolios should the significant risks facing markets materialise.
No changes this month with our geographical preferences remaining the same.
The Brexit newsflow seems to be deteriorating further and the UK consumer faces severe challenges on many fronts.
Our lack of belief in the case for global growth means portfolios heavily feature specialist allocations where we feel companies can benefit from key themes in the investment universe and are likely to grow irrespective of wider macro-economic developments. Current allocations are working well.
No changes for now. Interest rates look as if they are going higher, but it should be very gradual.
We continue to like property as an asset class, but concerns over the UK economy have led us to make slight reductions to allocations, the proceeds helping fund the managed futures investments.
Our absolute return and structured products’ allocations are now joined by an exposure to managed futures. All of these strategies are distinct and offer different ways to protect clients whilst allowing for continued participation in markets.
We are deploying some of our cash positions to partially fund the managed futures allocation detailed above.
Investment Line is written and edited by members of the Mattioli Woods Asset Allocation Team, 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 fall as well as rise, and investors may not get back the full amount invested. Past performance is not a guide to the future.
Mattioli Woods plc is authorised and regulated by the Financial Conduct Authority.