The first quarter saw a sudden shift in market sentiment – from optimism in January to extreme caution in February and March, on the back of a potentially more hawkish Federal Reserve and growing concern of a global trade war.
But before jumping the gun and concluding that the nine-year bull has turned into a bear, we need to look at the fundamentals squarely.
We stay constructive on risk assets, even though it is likely the days of low volatility are behind us.
How should portfolios navigate market gyrations? We believe a targeted and long-term investment approach is paramount.
Capturing some capital growth with low risk exposure.
Capturing modest capital growth through a balanced risk-and-return approach.
Maximising capital growth potential through exposure to a large portion in risky assets.