Reviews. Commentaries. Opinions.

Articles tagged with: global markets

2019 Half Year Review

2019 Half Year Review

2019 half year summary & predictions

I have just returned from spending two days with Pimco in London at their annual conference for investors. Pimco is one of the largest bond specialist firms in the world with an incredible depth of resources. The audience consisted of investment professionals from Europe, and it was apparent that everyone had come to hear not only Pimco’s macro-economic view, but also to clarify just how concerned we, as investors,  should be and what changes we should be making, if any, in the current circumstances.

It was an exceptionally high-level discussion and I will try to share some of the messages with you below. An interesting aspect of the investment world is how different personalities gravitate towards different asset classes. Optimists gravitate towards equities, pessimists to bonds and those with perhaps a tad too much hubris towards hedge funds. Pimco is a firm specializing in bonds. They ooze caution through the air vents. So whilst they were professionally non-committal about whether we are heading towards a cyclical change and/or recession, or not, they did an excellent job trying to identify whether there are any relevant signals now. The bottom line is no panic signals but elevated levels of caution looking into 2020.

Q1 2019 Global Market Review

Q1 2019 Global Market Review

Markets are strong: sell down and take profits or remain loyal to your asset allocation?

When markets are going up strongly as they did in Q1 2019, no one asks tough questions and most investors focus on other aspects of their lives. Strong markets make our jobs as wealth managers easier. The main question being posed on a daily basis is should we sell down and take profits or remain loyal to our long-term plans and beliefs. This is a valid and serious question, which is worth the debate. Last year, January 2018 was a strong month and the rest of the year was negative, particularly February and the 4th quarter. One has to ask the question if the gains from Q1 2019 are likely to be given up later in the year or not.

2018 Markets Review

2018 Markets Review

2018 summary & 2019 predictions

I am writing to you during our office move. Workers are all around busy packing and unpacking boxes. We have been in our old building for 10 years. At the time we moved in there, the S&P was about 880 points and the Dow Jones was about 8300 points. Since then they have gone up by 242% and 244% respectively. Even after a tough year and pretty awful 4th quarter, the long-term gains are impressive. It may appear as though it was easy to make money however; there were plenty of reasons to be concerned along the way. When we said to clients over the years "focus on the long term", so far, we have been right.

As I tidied my office for the move I found a collection of year-end predictions for years gone by written by some of the highest paid experts in the world. Some were right some of the time; many were wrong most of the time… Some were right in the longer term and very wrong in the short term. It seems no one has the perfect crystal ball. 2018 rollercoaster has been no different but more on that below.

We look forward to hosting you in our new offices at the Amzur building.

 Brexit and Corbyn: What should an investor from the UK do?

Brexit and Corbyn: What should an investor from the UK do?

A hard Brexit or a sharp fall in the value of sterling?

Winston Churchill once said of the British that they are a unique nation as “they are the only people who like to be told how bad things are.” The view of many experts these days is that it is difficult to accurately convey how much worse the financial situation could get for the UK in the coming years.

2018 Half Year Review

2018 Half Year Review

2018 half year summary & predictions

Our first thoughts after seeing Germany’s early exit from the FIFA world cup was that we place too much reliance on Germany for the strength of the Eurozone and maybe we should exercise more caution when allocating money to Europe. The FIFA World Cup has many positive messages for the global economy and we must not be too quick to focus only on the negatives.

2018 so far has been a difficult year for asset allocators, like Pioneer. Across the industry, returns have been difficult and disappointing in absolute terms. In this review, we will try to explain what is happening.

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Dear Clients,

During these difficult days for all of us, we wanted to update you and reassure you regarding your investments.

Our office remains functioning and we are available to answer any questions you may have at any time. Portfolios are being monitored and managed throughout this period. We will provide more comprehensive updates regarding investment portfolios in the coming days and weeks. 

The Pioneer family wishes a full and speedy recovery to all the wounded.

We send our condolences to the families who have lost their loved ones.

Praying for the safe return of all security forces and civilians and for peaceful days to come.

From the Pioneer Wealth Management Family