Market sentiment remains fragile.
Hot inflation prints in Europe and robust economic data readings (notably the US and China) have triggered a swift reassessment of interest rate expectations.
The result has been a sharp sell-off in just about every risk asset. Shelter was hard to find in February 2023 (chart courtesy of Bloomberg):
Against this backdrop, selective absolute return strategies that can offer uncorrelated return streams to portfolios remain a sensible investment vis-à-vis bonds and equities in our view.
TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.