With the UK plunged into a period of political uncertainty, market commentators expect increased pressure on Sterling and a more difficult period for domestic focused UK stocks and the mid 250 index. However, with the prospect of a hard Brexit receding and the potential for a weaker Sterling this could benefit FTSE 100 companies, as we have seen over the last 12 months.
As ever, our approach at Furnley House seeks to ignore the short-term noise and focus on the longer-term outcomes for our clients. Our portfolios remain well diversified across asset classes and regions, with allocations designed to maximise overall returns in accordance with risk appetite.
Our view is that it is more important than ever to use fund managers who know how to control risk in a changeable environment. The overriding message is that patient and level-headed investment management remains crucial in a complex era.
Amidst ongoing developments in the political sphere, Furnley House’s Investment Committee will continue to regularly review its processes and decisions to ensure our portfolios are well positioned and continue to meet client objectives.
Written in association with Asset Intelligence.
This statement is for information only and does not constitute advice.