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William Hobbs, Head of UK and Europe Investment Strategy, talks to Rupert Howard, Senior Portfolio Manager, about how portfolios have been performing given the recent rally in risk assets.

After a challenging summer, October has been a good month with most portfolios returning to positive performance for the year to date. Rupert believes that this has been particularly gratifying due to the uncertainty regarding growth in China, and more broadly, what has been going on in the rest of the world.

The business has been consistent in its positive view on global growth in the US and Europe, this view has so far been vindicated by the strong recovery in risk assets from the summer swoon. Elsewhere, Rupert has seen strong performance from hedge funds both in relative and absolute terms while the cash position has helped to protect and cushion portfolios from the extremes of the market volatility.

Download the graphs referred to [PDF, 25KB]