I just wanted to give an update on how things are fairing now that we are nearly three weeks on from the Brexit vote.
A lot has happened in the last couple of weeks in the markets as well as the political arena.
My advice to clients remains the same in that you should still sit tight on your investments. There have been both winners and losers in the markets with the UK fairing better than some other european countries.
Many of you will be invested in Managed portfolios with a wide spread of investement’s globally, this increases the spread of your investments and helps to dilute the risk.
Outside of Europe there has been growth, as other currencies such as the Dollar and Yen are stronger than the Pound and Euro, so we have seen higher growth in these area’s. Whist this doesn’t help us with our spending money if we are going abroad it does help the overseas equity markets!
Most investments whilst seeing an initial dip in value are now moving back in the right direction and some have even seen increased growth.
You may have read information on Property funds being suspended and I would like to reassure you that you are unlikely to hold very much property in your investments and even if you do the impact should be low. The exception would be if you hold finds that I have not personally advised on or recommended to you. These Property funds have suspended trading as most of their capital is held in property and can not be sold overnight as they will not have the cash available to pay large numbers of investers who want to withdraw their money. By suspending the funds they can take more time to sell property and generate the cash needed. This also puts people off wanting to encash their investments and protects the fund for the future.
I am keeping a watchful eye on all my clients investments, but if you would like a individual review or have individual questions then please go get in touch.
All the best
Claire
Claire Blake IFA
07767 308783
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