Coronavirus Update

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Coronavirus (COVID-19) Update – 29th May 2020 Whilst the UK has been gripped by the “Cummings and goings” of the Prime Minister’s chief advisor, global stock markets have been making steady progress, responding, it seems, to the easing of lockdown conditions around the world. The MSCI World index rose 7.13% in sterling terms over the past fortnight. All the major indices posted positive retu...
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Coronavirus Update

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Coronavirus (COVID-19) Update – 15th May 2020 Another fortnight has passed and as one day in lockdown merges into another it is hard to pinpoint if anything material has changed despite no let-up in the daily flow of news.  There has, however, been a change in market direction with all equity indices, except for Japan, posting negative returns over the past two weeks.  It always feels somewhat ...
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RiverPeak Wealth Monthly Update for May 2020

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Global Market Overview The recovery which began towards the end of March extended into April with global markets posting positive returns across the board. The MSCI World index generated a return of 9.04% over the month.  The S&P 500 was the best performing market with a return of 10.87%. Following March’s rout, the FTSE 250 also rebounded in April, returning 9.71% and outperforming the...
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Coronavirus Update

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In our last update, following a significant move upwards in global equity markets, we struck a note of caution. In the past fortnight stock markets have risen even further with the S&P 500 rising an astonishing 31.53% (in dollar terms) since the low on 23rd March (Source: FE Analytics as at 29/04/20). Meanwhile, there has been no significant breakthrough with regards to the virus and its sprea...
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RiverPeak Wealth Monthly Update for April 2020

Global Market Overview The sharp sell-off that began towards the end of February accelerated into March, as investors dramatically moved to ‘price in’ the increasing inevitability of a deep recession caused by the attempts of governments around the world to reduce the number of deaths from COVID-19. Volatility was exceptionally high and automatic circuit breakers in the US meant that the stock...
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RiverPeak Wealth Monthly Update for March 2020

Global Market Overview After initially shrugging off concerns about the coronavirus (COVID-19), investors started to respond negatively to news that the outbreak was spreading beyond China. Sharp falls in the last week of February resulted in a negative month across global equity indices. A stronger yen and dollar, both traditionally viewed as safe haven currencies, pared back losses for sterli...
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Coronavirus Update

We have been used to rising markets and low volatility for so long that it can be a shock when equity indices take a nose-dive.  After several weeks of apparent complacency, when markets continued to rise, some investors have, understandably, started to express their concerns about the spread of COVID-19 and its impact on the global economy with the FTSE All-Share falling over 10 percent in under ...
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RiverPeak Wealth Monthly Update for February 2020

Global Market Overview After a strong end to last year, January saw a reversal in risk appetite with the news of an escalation in tension between the US and Iran and then latterly a novel strain of a flu-like virus rapidly taking hold in China and at the time of writing responsible for over 1000 deaths. With China as the epicentre of the outbreak it is not surprising that Asia and Emerging Mar...
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RiverPeak Wealth Monthly Update for January 2020

Global Market Overview Returns from global equities were strong again in December, rounding off a year in which all assets classes performed well, not only beating inflation but often generating double digit returns. The MSCI World index ended the year up 22.74%. In December the index rose 0.57% but this return was pared back by sterling’s strength versus the dollar. In local currency terms the...
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RiverPeak Wealth Monthly Update for December 2019

Global Market Overview Global equity markets continued to move higher in November. Trade negotiations between the US and China seem to have been constructive with no further escalation in tariffs.  Developed market equities outperformed emerging market equities with the S&P 500 achieving the highest return. The best performing sub-market was the FTSE 250 which outperformed the FTSE 100 as ...
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