Diversified Opportunities Fund - November Update

Press release -

The Fund fell by -0.13% over the period from 29th October up until the 26th November, taking the NAV for the ‘B’ class down to £1.3863. Global equity markets breathed a sigh of relief in November to end the month in positive territory. The combination of a less aggressive US Federal Reserve (Fed) and the easing of trade tensions between the US and China saw global equity markets deliver modest positive returns in Sterling terms.

Fund Update

The Fund fell by -0.13% over the period from 29th October up until the 26th November, taking the NAV for the ‘B’ class down to £1.3863.

Global equity markets breathed a sigh of relief in November to end the month in positive territory. The combination of a less aggressive US Federal Reserve (Fed) and the easing of trade tensions between the US and China saw global equity markets deliver modest positive returns in Sterling terms. It was a volatile month for technology stocks in the US though, led lower by Apple. Concerns that the company had reached a ‘peak iPhone’ moment began to emerge around the company’s results at the start of the month. Apple disappointed with its outlook for the critical holiday shopping season and stirred concerns about transparency as it flagged its future plans to stop reporting unit sales of its devices. 

For full update click here​ (PDF 490 KB)

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