Income & Fixed Interest Newsletter – June 2016
Obviously Brexit was the key focus this month and the unexpected result saw massive volatility in markets. In this month’s newsletter we look at the causes and symptoms of the vote and discuss why the average voter feels abandoned by the economic and political elite and are making their voices heard. To be clear – this is a secular not cyclical shift and we believe it will have ramifications for the markets in the months and years ahead.
As expected, given our defensive nature, we had a strong month of performance across the flagship portfolios, and are well positioned for the volatility we are sure is to come.