Client Newsletter, May 2025

Since our last newsletter, there has certainly been no shortage of news. Many of you have been in touch to express your appreciation for the update provided by Ross McKnight, a senior member of our Research team, following a particularly turbulent time in April.  I wanted to begin today by reassuring you that our diversified approach to investment and long-term views have served you and your portfolio well in recent months. Away from the headlines of lows in the S&P and the potential for a global downturn resulting from tariffs, we have been actively managing your holdings towards your financial goals. Our view of the overvaluation of the biggest US technology names and the undervaluation of alternative investments has led to solid results.

In this latest newsletter, we wanted to provide you with insights about the impact of recent global events on your CAM portfolio and also provide a respite from the lurid headlines and political grandstanding. To cover your portfolio, we have a short 20-minute discussion between our CIO, James Calder,  and Investment Managers James Ross-Russell and Jason Armstrong-Butler. This is available in video or written format and highlights some of the better news for our well-diversified portfolios. To take a step back from the current news environment, we also feature two articles looking at the bigger picture. Focusing on the increasing use of AI in crime and considering how financial planning might be relevant to younger people, we wanted to provide a balance of content for you.

We always welcome your feedback so please do get in touch with any questions that you might have or suggestions for future newsletters.