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.