Investment Review

Investment Review January 2019

Equities favoured

We believe the latest share price falls on the stock markets were overdone and regard the substantially lower prices as a buy-in opportunity over the medium term. In the bond segment we are continuing the shift to higher quality and longer duration begun earlier in the year. In commodities we are making no changes. Hedge funds have disappointed once again, and we cannot rule out a further reduction of our allocation in the near future.

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