Coronavirus Update

Coronavirus (COVID-19) Update – 24th July 2020 Despite news of rising infection rates in the US and elsewhere, notably Japan and Hong Kong, equity investors were rewarded with further positive returns over the past two weeks.  The MSCI World index has advanced just shy of 3% in the last fortnight and since the start of the year has generated a respectable 3.73%.  The best performing region has ...
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Coronavirus Update

Coronavirus (COVID-19) Update – 10th July 2020 Markets continued to make progress during the past fortnight with notable outperformance by Asia and Emerging Market indices. Since the lows on 23rd March most major equity markets are up around 30% in sterling terms. Indeed a sterling-based investor who only looked at half-yearly valuations would be perhaps be a little disappointed by the low sing...
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RiverPeak Wealth Monthly Update for July 2020

Global Market Overview – June 2020 In June we saw the government in England relax restrictions by allowing shops to re-open and the easing of the 2-metre rule. This is a key development for the economy as it allows businesses to start plotting a path back to normal. Of course, different policy speeds in Wales, Northern Ireland and Scotland muddy the picture somewhat for the entire UK, but almos...
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Coronavirus Update

Coronavirus (COVID-19) Update – 26th June 2020 There has been little of note to distinguish the past fortnight from previous ones.  There has been some good news on the health front with reports that a commonly used and widely available drug called Dexamethasone had proved to be successful in limiting the likelihood of the patient dying in severe cases of Covid-19. This is, of course, to be wel...
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Coronavirus Update

Coronavirus (COVID-19) Update – 12th June 2020 In the past fortnight the lifting of lockdowns has accelerated with a concomitant pick-up in economic activity, a welcome development for many but increasing the risks of a second wave of infections.  Also, for the first time in months, headlines containing news of the virus have been superseded by the reports of, and reaction to, the shocking deat...
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RiverPeak Wealth Monthly Update for June 2020

Global Market Overview Global equities continued to advance in May as investors responded to the resumption of economic activity with an increasing number of countries starting to ease lockdown measures.  The announcement of further economic stimuli also provided a boost to risk appetite. The MSCI World generated a return of 6.95% in sterling terms.  Sterling weakened versus the dollar and ...
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Coronavirus Update

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

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

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

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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