Watch the latest market update video with Fund Manager James Godrich and Head of Investment Office Jon Cunliffe.
· With the global economy showing resilience in the third quarter and the roll out of US tariffs less aggressive than feared, global equities performed strongly, led by the US.
· Rate cuts in the UK and US boosted short gilts but long gilts underperformed, and the market awaits measures to address fiscal slippage at next month’s Budget.
· Generous global liquidity, further rate cuts and fiscal reflation should support equities heading into 2026.
The value of securities and the income from them can fall as well as rise. Past performance should not be seen as an indicator of future returns. All views expressed are those of the author and should not be considered a recommendation or solicitation to buy or sell any products or securities.
