RiverPeak Wealth Monthly Update for September 2020

Global Market Overview – September 2020 In September our optimistic view on the outlook for risky assets was challenged almost immediately by the political and media narrative of a second wave of COVID-19. As schools reopened and the weather turned colder, the UK started to see a rise in positive tests. Local lockdowns began to occur throughout the country. The (understandable) negative soci...
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RiverPeak Wealth Monthly Update for August 2020

Global Market Overview – August 2020 There is a sense that the world is returning to normal. Many people have taken full advantage of the ‘Eat Out to Help Out’ scheme, which has ensured a return of atmosphere to pubs, cafes and restaurants. We have started to see this recovery come through in recent economic data. Notably, manufacturing and nonmanufacturing data across the US, UK, Europe and...
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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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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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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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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 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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RiverPeak Wealth Monthly Update for November 2019

Global Market Overview October was a positive month for global equities as the US and Chinese authorities moved closer towards a partial deal on trade. However, a strong bounce in sterling as the prospect of a “no deal” Brexit outcome on 31 October receded meant that for sterling investors returns from overseas investments were negative. As risk appetite improved over the month government bonds...
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