Market Update ……..

Good Afternoon

Firstly, we very much trust that you and yours are safe and healthy and coping with the crisis.

We have experienced a month like no other before.  It’s clear that society in general will agree with this statement.

The investment market panic of the 17^th, 18^th, 19^th March seems to have passed, although it is clear that Main Street may be disconnected to Wall Street and the Square Mile (City).  Main Street sees the crisis in reality – streets, roads and local shops deserted/closed – where the investment markets price the expectation, investing in assets that have access to Capital Markets.  The markets are now able to produce a market pricing outcome – based upon what it ‘sees’ rather than what it can’t see.

We have continually reviewed the construction of our Risk Adjusted investment portfolios where the asset allocation remains aligned to the risk objectives, and the underlying funds remain of suitable quality.  We will continue to review and report recommendations accordingly.

The performance against the relative benchmarks are exceptional and clarifies our professional added value – both in terms of results and advice consultancy.  We are able to provide and demonstrate this – which is why we have been so very busy attracting new investment opportunities during the deepest market falls .

Performance Data

The table below provides the main UK Index (not including yesterday’s movements, i.e. 14/4/2020)

FTSE 100 Chart – 3 months

FTSE 100 Chart – 1 month

The charts above are the proxy equity reference point.

Below see the actual results of our Risk Adjusted Investment Portfolios

Risk Model 2

Benchmark – Mixed Investment 0-35% Shares

Difference – out performance, relative to risk

Risk Model 3

Benchmark – Mixed Investment 20-60% Shares

Difference – out performance, relative to risk

Risk Model 4

Benchmark – Mixed Investment 20-60% Shares

Difference – out performance, relative to risk

Risk Model 5

Benchmark – Mixed Investment 40-85% Shares

Difference – out performance, relative to risk

Risk Model 6

Benchmark – Mixed Investments 40-85% Shares

Difference – out performance, relative to risk

Risk Model 7

Benchmark – Flexible Investment

Difference – out performance, relative to risk

Risk Model 8

Benchmark – Flexible Investment Benchmark

Difference – out performance, relative to risk

Risk Model 9

Benchmark – Weighted Sector Average

Difference – out performance, relative to risk

Conclusion

There is no way of predicting the future and no doubt there will be a volatility in the markets for some time to come – but our sound investment balance and research enables investors to remain invested which is what long term investing is about and NOT guessing market outcomes.

It is clear that investment markets have reacted to the financial support (liquidity) provided to support the economy and has kicked the present economic data down the road at present.

Making predictions is for the foolish – guess work like selecting lottery numbers – so staying the investment course is accepted as the best course of action.  If you require advice get in touch.

We very much trust this update is well received.

Stay safe and healthy.

Richard, Sian and the Best Price FS Team