Darren Ripton

Our outlook continues to be relatively cautious, due to ongoing uncertainty concerning tariff tensions, the impact of these tensions on growth, inflation and interest rates policy along with a heightened level of geopolitical risk. Opportunities from an investment perspective will become clearer over the coming weeks and months as governments and central banks enact policy to address these challenges but currently the lack of clarity is a barrier to implement medium term investment strategies from a tactical asset allocation perspective. We have tilted mandates from a fund selection perspective to areas that we believe offer value or opportunity, with UK & European smaller companies (which are trading at historically cheap valuations) looking particularly attractive.

‍