Trump wins the US elections. What is the impact on the stock market?
In our latest research note for UK financial advisers, we look at:
If you are a UK financial adviser and would like our research for your investment committee, please fill in your contact details.
Trump may be divisive. But his win was decisive. What do the US Election results mean for Equities, Bonds and Alternatives?
For equities, Energy (oil), Financials (deregulation) and Industrials (defence) all fared well following the Trump win. For bonds, the focus remains policy-dependent with continued concerns over the level of US debt issuance and as to whether a Trump term will be inflationary. For alternatives, a decisive win removed some political risk in the world's larges democracy so Gold came off a touch. Listed Private Equity Managers have soared and the clear casualty is Clean Energy. If you are a UK financial adviser and would like our research for your investment committee, please fill in your contact details. What are the budget changes to CGT?
What are the budget changes to pensions? What are the budget changes to IHT? What are the budget changes for business owners? What does the budget mean for pensions?
What does the budget mean for IHT What does the budget mean for the economy, market and taxes Economy: slight upgrade to growth, continued gradual moderation of inflation slightly above 2% target Markets: gilt yields rise slightly whilst digesting spending plans Taxes: a higher burden on employers and asset-rich individuals We discuss this in our research for UK advisers Contact us to get our full analysis to discuss with your clients Apply for a place at our upcoming post-Budget review conference on 13th November 2024 What is the latest outlook for growth, inflation, and interest rates?
What is the latest asset class outlook? See latest asset class performance chart Watch our quarterly outlook webinar
Gold remains a useful diversifier because of its uncorrelated relationship with other asset classes.
As a “liquid real asset” It has inflation-protecting characteristics. Gold provides protection against geopolitical risks and insurance against market shocks. Read in full View all our Gold & Precious Metals research [5 min read, open as pdf]
[5 min read, open as pdf]
[5 min read, open as pdf]
What is the latest outlook for growth, inflation, and interest rates?
What is the latest asset class outlook? See latest asset class performance chart Watch our quarterly outlook webinar Investors should consider allocating three years’ worth of their income needs into money market funds, which “can be used as a liquid source of yield with near-nil volatility”. Setting aside such an ample buffer enables retired investors to put the rest of their wealth to work in higher risk investments to keep growing their pot.
Read the full article in Trustnet
For someone aged 65 with average life expectancy a bond fund isn’t enough to ensure portfolio durability. Over that term the biggest risk is inflation risk and it’s harder for nominal bonds to keep pace with inflation. Inflation-linked bonds bring in high interest rate sensitivity (duration). Whilst higher yields now make for a more interesting entry point, there’s plenty of solid yield available in high quality low cost index bond funds.
But to navigate the changing outlook within the bond market a managed bond fund should also be considered as a one stop diversified managed bond portfolio. Most retirees will need a multi-asset retirement portfolio to last the course. Bonds alone are not enough. Read the quote in Trustnet [5 min read, open as pdf]
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