Welcome to the final edition of Wealth DFM Magazine for 2023. And what a year it’s been for wealth managers.
Yes, the introduction of Consumer Duty was a biggie of course. But the state of the global economy has continued to make life difficult for investors as asset allocation and stock selection decisions proved to be even more challenging than usual.High inflation, continuing base rate rises and the threat of recession looming large, not to mention geopolitcal events and war in Ukraine.Â
The Hunt for growth
Chancellor Hunt’s so-called Autumn Statement for ‘growth’, despite it being described as bland by some market watchers certainly provoked reaction from investment and economics experts across the country. We cover some of their analysis and reactions in this edition.
Also in this edition, we’ve included thought leadership analysis from PIMCO.
According to AIC research published this Autumn, Investment Company discounts are at particularly attractive levels.
But why is this the case and does it really represent a buying opportunity for wealth managers looking to pick up a bargain?
Analysis from AJBell’s Laith Khalaf is always worth a read, and this edition’s insight is no exception. But these are just a snapshot of all the featured content which you’ll find on www.WealthDFM.com
A focus on Wealth Managers
Making informed decisions on how best to position your portfolios effectively for 2024 is now high on everyone’s agenda. Bonds – and Gilts – in particular have made a spectacular return to form this year, after a disasterous 2023. But the party isn’t over yet and many managers are seeing plenty of upside from credit in 2024.
For equity investors, 2024 has plenty of ‘fun’ in store.While it looks as if we might have reached the peak of interest rates for the time being, there’s still plenty to ponder.
With a key US Presidential election due in the fall, the prospect of Republican victory led by Donald J. Trump is certainly giving wealth managers plenty to think about. With a UK General Election too, the stage is set for some strategic investment decisions and a focus on flexibility and risk management.
As always in the world of investment,there’s never a dull moment!
With the Festive Season just around the corner, the whole team here at Wealth DFM wish you and yours a happy and relaxing time as you prepare for January and a whole lot more excitement in the year to come. We hope you’ll continue to use Wealth DFM to help you form those all important views so that you can deliver for your clients next year as well as this.
Sue Whitbread
Editor | Wealth DFM
