Economic Commentary – September 2017

October 17th, 2017, by Georgina Ogilvie-Jones

Global equities have performed well in the year to date fuelled by synchronised global economic growth and comparatively strong earnings data. This has offset the political risks created by various elections and provocative rhetoric from North Korea. The FTSE World… Read More…

Market Monitor – September 2017

October 5th, 2017, by Georgina Ogilvie-Jones

We are now three quarters of the way through 2017 and it is interesting to review the performance of different asset classes in the year to date. The total return of the equity indices we track are all in positive… Read More…

Thoughts on the German Election

September 28th, 2017, by Georgina Ogilvie-Jones

German Chancellor Angela Merkel won a fourth term in office on Sunday 24 September but will have to build a coalition to form a government. This follows a surge by the populist and anti-immigration Alternative for Germany (AfD) which won… Read More…

Economic Commentary – August 2017

September 6th, 2017, by Georgina Ogilvie-Jones

Despite various political and economic events, equity markets have made headway in the year to date. The FTSE 100 started the year at 7,142 and is now at 7,438 having finished July at 7,372, indicating very modest returns in the… Read More…

Market Monitor – August 2017

September 5th, 2017, by Georgina Ogilvie-Jones

All major equity indices have made gains over the last 12 months in Sterling terms. Whilst the FTSE 100 one year return of 14% appears modest in comparison with a 26% return from the FTSE World Europe ex UK it… Read More…

Economic Commentary – July 2017

August 3rd, 2017, by Georgina Ogilvie-Jones

The FTSE 100 is now at 7,423 having started the year at 7,142 and finished June at 7,312. The index returned 5.6% to the end of June, to be set alongside 7.3% for the FTSE World index. Gilt returns have… Read More…

Market Monitor – July 2017

August 3rd, 2017, by Georgina Ogilvie-Jones

July saw only modestly positive returns from most global equity markets in Sterling terms. The FTSE World index returned 1%, FTSE 100 0.9% and the S&P 500 and FTSE Japan were effectively flat returning 0.5%. Only the indices which we… Read More…

Economic Commentary – June 2017

July 13th, 2017, by Georgina Ogilvie-Jones

We are now nearly a decade on from the financial crisis and the major world economies remain characterised by comparatively low growth and low inflation. Equity markets have seen good absolute returns in the year to date. By the end… Read More…

Market Monitor – June 2017

July 13th, 2017, by Georgina Ogilvie-Jones

June was a lacklustre month for both equities and bonds. Equities declined in the UK (-2.4%) and Europe (-1.3%) and were flat in other regions and at the global level (FTSE World index). The only exception was the FTSE Asia… Read More…

Down the Rabbit Hole – Fixed Interest

June 23rd, 2017, by Georgina Ogilvie-Jones

Argentina issued a 100-year bond this week with a coupon of 7 1/8% and a yield of nearly 8% (which will change in line with the price of the debt and is not guaranteed). It was extremely oversubscribed with $9.75… Read More…

Economic Commentary – May 2017

June 15th, 2017, by Georgina Ogilvie-Jones

The global economy is extending its broad-based recovery, with stronger data coming through from Europe and emerging markets to set alongside established US recovery. Corporate earnings prospects are reasonable, but could see subtle negative effects from more populist policies in… Read More…

Market Monitor – May 2017

June 15th, 2017, by Georgina Ogilvie-Jones

Equity markets advanced in May and the FTSE World index had a total return of 2.5%. At a global sector level it was a positive month for more defensive stocks with utilities, consumer staples and technology all among the best… Read More…

The Share Race Challenge

June 13th, 2017, by Phil Bennett

Dewhurst Torevell has been a proud co-sponsor of The Share Race Challenge for the last two years, setting a real life brief for the teams and awarding a prize for the team with the Best Investment Discipline. Open to students… Read More…

Election Update – 9th June 2017

June 9th, 2017, by Georgina Ogilvie-Jones

The general election has resulted in the incumbent Conservative party falling short of a majority. An informal arrangement is therefore being negotiated with the right-wing DUP to secure their 10 seats in Northern Ireland and avoid the pitfalls of a… Read More…

Market Monitor – April 2017

May 30th, 2017, by Georgina Ogilvie-Jones

After a strong 6 months for Sterling-based investors, equity markets consolidated in April with mixed results for regional markets. The total return of the FTSE 100 dropped 1.3% and the S&P 500 lost 2.4% in Sterling terms across the month,… Read More…