News & Information

November: FTSE 100 records best month since November 2020 Last month we asked, ‘Is this market for turning?’ as we felt the point of maximum pessimism (the bungled Kwarteng mini budget and Truss’s brief Premiership) had passed. November proved a constructive month for equity markets. Interest rates were raised in both the UK and US… Click to find out more

October: is this market for turning? Politics again was at the forefront as the government U-turned on its controversial mini budget of September 23. As readers will be well aware, this led to the sacking of Chancellor Kwasi Kwarteng and was soon followed by the resignation of Liz Truss, who at 49 days, proved to… Click to find out more

September: Market turmoil – but we continue to invest through the cycle Last month we suggested August may be a summer lull before the storm (https://www.rcbpo.co.uk/news-articles/ifsl-rc-brown-uk-primary-opportunities-fund-update-august-2022/). Sadly we were correct in what proved to be one of the worst months for global equities since the Covid crisis emerged in early 2020. A 50bp rise in… Click to find out more

August: A summer lull before the storm? Markets failed to hold onto last month’s bear market rally as equities lost ground during August. The outlook remains a difficult one with inflation still rising (UK inflation hit 40 year highs of over 10%) and the Bank of England raised interest rates by 50bps to 1.75%. Further… Click to find out more

July: UK market bounces from June lows Markets regained some poise following sharp falls the previous month. The outlook remains a difficult one with inflation still rising and central banks forecast to raise interest rates further in order to combat it. The risk of recession remains real, albeit current expectations are not for a deep… Click to find out more

June: A miserable month to cap off a difficult first half of the year for global equities June proved a month to forget for risk assets. Indeed, the FTSE All share lost 4.6% in the first half of the year. The FTSE 100 with its high weighting to energy and miners has held up relatively… Click to find out more

May: Markets stand firm despite UK inflation hitting 40 year highs May proved a volatile month albeit the UK market posted modest gains. Large caps again outperformed mid and small caps. The latter are suffering due to their greater exposure to consumers whose spending power has been hit hard by rising commodity prices as a… Click to find out more

April: Global growth softening April was relatively benign until the last week of the month which saw market volatility following hawkish comments from the Federal Reserve indicating interest rates may rise faster than expected.  Concerns over consumer strength grew, as higher commodity prices start to bite as a result of Russia’s invasion of Ukraine. Whilst… Click to find out more

March: UK inflation hits 30 year high; markets regain some poise March has seen further market volatility as the ongoing Russian invasion of Ukraine continues and energy prices remain substantially higher than before the war began. Whilst we hope for peace, stock markets will continue to fluctuate on news flow as hopes rise and recede… Click to find out more

February: A gremlin in The Kremlin As investment managers we shall stick to our area of expertise in writing about the impact of Russia’s invasion of Ukraine on equity markets. Naturally we condemn Russia’s outrageous actions. History suggests market falls as a result of military action prove relatively short lived. However, this time around, the… Click to find out more

Mail On Sunday January 2022

January: Volatility to the fore; UK market outperformance Markets began 2022 as they had ended – with a flourish. This however proved short lived as global equities, particularly technology and growth stocks, suffered sharp falls. Concerns over the withdrawal of monetary stimulus by central banks and the prospect of rising interest rates has resulted in… Click to find out more