This year there have been many reasons for uncertainty and market turmoil, but as we move into Autumn there seem many reasons to stay positive.
Scotland chose to continue as part of the UK and so the financial and currency markets seemed to breath relief.
At the same time the UK financial statistics demonstrate we continue to build momentum away from the recession.
Finally we have Mark Carney’s guidance as the head of the Bank of England as they anticipate raising interest rates next year.
All this makes things appear very bright, however there are still some unanswered questions – sanctions continue against Russia, plus the situation regarding IS in Iraq and Syria shows no sign of being resolved. Then there are further questions regarding how certain firms have calculated their profits, as demonstrated by Tesco.
The end result for investors is they need to be looking forward to positive growth but ensuring any enthusiasm is tempered by taking a balanced approach.
We have reviewed our clients’ portfolios and whilst we continue to be heavily equity based, we still find areas such as commercial property, selective corporate bond funds and the ‘absolute return’ investment sector attractive.
Looking ahead to 2015 and the General Election, we need to ensure our clients are in position to benefit from the growth opportunities but are equally protected from a change in political party leadership.
As always, Platinum is happy to discuss matters with you. Whether it is a review in light of financial markets, a change in legislation or simply an alteration in your situation or priorities, please contact us.