October has ended: time to take stock of market and portfolio returns. In general, stock markets nudged up further while government bond yields recovered, eroding some of bonds’ earlier valuation gains. For UK investors however, the roughly 5% gain of £-Sterling against other global currencies for once lowered the value of overseas investments and also put the overseas income-heavy FTSE under pressure. The end result was a flattish month where the overseas spending power of investors improved without particularly undermining their portfolio valuations. Year to date, 2019 continues to have been a good year for investment returns across all risk profiles, recording single to low double-digit figures with increasing levels of equity exposure. Despite October’s dull returns, the one-year figures have improved markedly into positive territory, due to the base effect of last year’s negative Q4 returns.
Historically, October is a month that more often than not has brought disappointment to risk asset investors. So there was a notable sigh of relief when the month ended without any major market upset.
Tatton Asset Management PLC (LON:TAM) offers a range of services to directly authorised financial advisers in the United Kingdom. The Company provides on-platform portfolio management, regulatory, compliance, and business consulting services.
