There is good news for investors as financial markets continue bouncing through the Spring season.
Despite the perceived uncertainty of a general election, UK financial markets have taken the current economic data as positive news of a global recovery. In fact, the past quarter saw the FTSE 100 break the 7000 point glass ceiling, achieving a new high and hold onto much of the gain.
Economies in other countries seem to be stabilising and building a platform from which growth is possible. There are some setbacks and concerns – such as Europe and Greece – but these seem to be under control as the European Central Bank continues its stimulus plan.
Looking ahead at our investment approach, little has changed since the start of the year. We know the election will probably cause some short-term fluctuations but longer term, whichever party takes control, and the overall outlook has to be the same balance between austerity and growth.
We think that in the immediate future the largest external influence to client’s investments will be from currency, as Sterling will hopefully strengthen against both the dollar and the Euro.
On the whole we are fairly ‘bullish’, which is finance jargon for being positive, about what lies ahead. We certainly feel it is worth taking advantage of the global economic recovery although we would always encourage a balanced approach and ensure any of our clients portfolios have a wide spread of investment assets to hopefully cover any unforeseen market fluctuations.
Platinum encourages all our clients to contact us to discuss their plans at any time. We can then ensure your investments are still in line with your goals and invested appropriately.