Adviser Newsletter, December 2024

Welcome to our final newsletter for 2024, which closely follows Chancellor Rachel Reeve’s much anticipated budget and the result of the US Presidential Election - both highly significant events. We recommend listening to our Chief Investment Officer, James Calder, sharing his thoughts on what these mean for markets in his short video which is included as part of this newsletter.

We also share the reflections of our CEO, Nick Coghill, on the impact of the budget as well as other themes which have shaped our industry over the past year. If you have clients who might be experiencing investment anxiety in light of recent changes, we have included an insightful piece on the emotional challenges of investment, and how successful investors work to master their emotions and avoid acting impulsively.

And finally, in case you haven’t seen them already, we regularly publish ‘Investment Stories’ on our website, which provide background into why we have selected certain holdings for clients’ portfolios. At CAM, we are proud of our collegiate approach to fund selection and the active discussion among our team, and we think these pieces give you a useful insight into how we come to investment decisions. We’ve included two examples in this newsletter, but you can view all our Investment Stories here.