Another shock election result. In January the U.S.A. will have a new president in Mr Donald Trump (barring recounts, as predicted the losers are challenging the result). If his actions match his rhetoric, we could all be in for an interesting time.
The result did affect the markets and your investments. The general consensus is that interest rates and inflation will start rising in December, this had a negative effect on the government and corporate bond markets, causing the capital value of the bonds to fall. This negative caused our investments in the fixed interest funds to fall, over the month. The low portfolio was down 0.69% and the low/medium was down 0.91%. We will be making some changes to the portfolios, which we will advise you of.
It seems a bit early but as the next update will be at the beginning of January 2017, I (We) would like to wish you all a very Happy Christmas and a healthy and prosperous New Year.
7th December 2016