Once again, the investment strategy of maintaining discipline and holding for the long term won out over reacting to media forecasts and predictions from hyperventilating partisans
The dangers of basing investment strategies on media forecasts were highlighted dramatically in 2016 as the outcome of major world events and the market reaction to them confounded pundits.
Well here we are again. After the Brexit vote earlier in the year we’ve again witnessed a public vote having a real-time impact on financial markets - the US voting to elect Donald Trump as President.
We’re a month away from the US Presidential election and while that might bring sighs of relief, it may also prompt feelings of trepidation. Never before have we seen a more loathed pair of characters running for the presidency than in 2016.
Global equity and bond markets offered generally solid returns despite the late quarter uncertainty generated by the United Kingdom’s referendum result in favour of leaving the European Union.
