Diversified Opportunities Fund - October Update

Press release -

The Fund fell by -5.02% over the period from 1st October up until the 29th October, taking the NAV for the ‘B’ class down to £1.3881.

Fund Update

The Fund fell by -5.02% over the period from 1st October up until the 29th October, taking the NAV for the ‘B’ class down to £1.3881.

October 2018 was looking to be the worst month for global stock markets since the global financial crisis until the two- day rally at the very end of the month meant that it was still their worst month in more than six years (since May 2012).  Markets grew cautious in the face of a combination of factors, including signs that trade tensions are fuelling a global economic slowdown, some disappointing earnings from ‘bigtech’ companies, and a budget row between Italy and the European Union.  Meanwhile, increases in US interest rates have signalled the end of cheap money that has driven a near decade-long bull market for global  equities.  The technology sector was at the centre of last month's weakness.  Amazon gave a cautious outlook for the Christmas holiday shopping season and Alphabet revealed that its advertising business had slowed by more than expected in the third quarter.

For the full update please click here​ (PDF 609 KB)

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