Change in the weather?
Toby Cross (Portfolio Management Specialist) talks to Arne Hassel (Chief Investment Officer) about recent market performance and political developments in the UK and Italy.
May has been another good month for risk assets on the back of improving economic fundamentals, which Arne considers to be a key driver of market performance.
He doesn’t think the outcome of the UK election will have any major impact on global capital markets or the Brexit negotiations.
Meanwhile, in Italy, there has been talk about a snap election towards the end of September. Arne thinks that there is only a remote possibility of a majority anti-EU government being able to call an EU referendum.
Despite the prevailing uncertainty, Arne continues to argue the case for being fully invested with a tactical overweight to risk assets, as economic fundamentals remain supportive.
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