News & Views

Global markets entered November amid a delicate balancing act, as central banks held interest rates steady while inflation continued to ease but remained above target. Investors navigated mixed economic signals, sharp regional divergences, and a clear rotation in sector leadership, with defensive areas gaining favour as technology stocks lagged. In this uncertain environment, diversified portfolios showed resilience, highlighting the value of balance during a period of policy

Global markets stumbled in March amid rising inflation expectations and renewed trade tensions. The Balanced portfolio returned -2.09% as U.S. tariffs sparked fears of a trade war, prompting caution among investors. While Europe cut interest rates and inflation cooled slightly in the UK, pressure remains on central banks. Equity markets were volatile, with tech and key Asian markets underperforming, while some financial sectors showed resilience.