F&C Investment Trust - Market Snapshot April 2018

March proved to be another challenging month for investors in equity markets.
April 2018

Paul Niven

Managing Director, Portfolio Manager and Head of Portfolio Management, Multi Asset Solutions

LEARN MORE ABOUT THE AUTHOR
Share
Subscribe to our Insights

Risk Disclaimer 

Past performance is not a guide to future performance. The value of your investments can go down as well as up, and you may not get back what you originally invested.

March proved to be another challenging month for investors in equity markets. During the month, in response to a strengthening economic outlook and some modest rise in inflation, the US Federal Reserve raised interest rates by a quarter-point to 1.75%. President Donald Trump followed through on earlier rhetoric by announcing plans for tariffs on US imports, which raised fears of a trade war.

Elsewhere, the UK agreed a transitional Brexit deal through to the end of 2020. There was mixed news from Europe: Angela Merkel securing the necessary support to secure a fourth term as German Chancellor, while Italian elections showed strong support for some of the Eurosceptic parties.

 

Although we have seen rising volatility, on balance, it may be premature to call an end to the equity bull market. Despite the rising inflation risk to asset prices, we believe strong underlying growth should underpin earnings.

 

We continue to invest in a range of diversified underlying stock-selection strategies and believe that we remain well-placed to withstand any further short term volatility in markets.

 

On 19 March we celebrated our 150th anniversary by opening trading on the London Stock Exchange and held an informative lecture later in the week at the Guildhall including speeches from Professor Yuval Harari – world renowned author, Dr Eliza Filby – millennial expert and Fund Manager Paul Niven. To watch highlights from the event click here.

 

All information as at March 2018, unless stated otherwise

 

The Company is an investment trust and conducts its affairs so that its shares can be recommended by Financial Advisers to ordinary retail investors in accordance with the Financial Conduct Authority’s rules relating to non-mainstream investment products and intends to continue to do so.

 

The company is available for retail investors in the UK, professionally advised private clients and institutional investors who seek growth in capital and income from investment in global markets and who understand and are willing to accept the risks, and rewards, of exposure to equities.

 

 

Risk Disclaimer 

Past performance is not a guide to future performance. The value of your investments can go down as well as up, and you may not get back what you originally invested.

Use our handy glossary to look up any technical jargon you are unfamiliar with.

Related capability

Investment Trusts

Subscribe to our Insights