2023 - The Journey So Far and the Road Ahead

James Calder, our Chief Investment Officer, has addressed some of our clients’ questions about the year to date and considers the outlook for the next 6 months. Issues include:

• Assessment of the impact of the tumultuous start to 2023 on markets and the response of those controlling economic policy.

• Our view of what the key economic indicators suggest might be to come in the next six months and where inflation and interest rates are headed.

• Focus on how we are positioning portfolios and when our strategy is likely to change.

Whilst we are cautiously optimistic, the recent deployment of an army of mercenaries in Russia demonstrates that we are currently living in a fast-moving world where the outlook changes rapidly.