Nick Georgiadis: 2019 first quarter update
A strong start to 2019
Markets rallied after a weak end to 2018 and the impact of the trade war between China and the US has decreased. The Fed's announcement of no interest rate rises this year allowed the equity market to perform well.
Portfolio positioning and market review
Maintaining a long-term view with our portfolio positioning, portfolios have now recouped all loses incurred in 2018. The equity market now doesn't hold as much value as at the beginning of the year, and bond markets remain unexciting, although their backdrop has improved. We remain committed to the alternative areas of investment which have consistently been adding value.
Outlook for the rest of the year and beyond
Despite data pointing towards a slowdown in the global economy, we do not expect a US recession this year or next.