August was a quieter month on the markets with both the stock markets and bond markets rising, no rides on the rollercoaster thankfully. Even the politicians seem to be keeping quiet (except for Mr Trump). Are they all on holiday?
The Acklam Portfolios made good gains in August, the low risk portfolio being up 1.8% and the low/medium risk being up 2.0%.
The Slater growth fund has recovered all its losses and is slightly higher than it was pre referendum. The L&G property fund, which also took a post referendum hit has also recovered but it is still showing a post referendum loss, all the other funds continued to perform well.
Much as I enjoyed the more settled “Investment Climate” in August, trying to look ahead there are clouds on the horizon i.e. the Italian banks are bust and need massive debt relief which the Italian government wants to give them, but the E.E.C. are saying no.
The Electioneering in the U.S.A will get more intense as we approach November and I shudder to think what could happen if we get a shock result there.
Greece will need another bail out soon. At least we have a good idea what will happen there – they will bung them a few billion more Euros (loans which they will not get paid back) and continue to kick the can down the road.
Enjoy the sunshine.
1st September 2016