To achieve low volatility, positive returns from an actively managed portfolio of different asset classes, including internationally listed or quoted equities or equity related securities or bonds which are issued by corporate issuers, supranationals or government organisations and currencies.
For the month of January, the Fund fell by 1.0%, outperforming the FTSE All Share Index which fell by 8.7%. The key problem in the American economy today is shortage of demand. This was clear during a recent trip to Richmond, Virginia, visiting a retailer that has expanded in most of the USA.The consumer currently lacks confidence. How bad will the US economy get? It is very difficult to predict the macro. We note Larry Summers's view (the reputable economist who received the John Bates Clark Medal and was the Secretary of Treasury under the Clinton Administration): "The plausible possibilities range from a substantial slowdown that feels like a recession to the most serious recession we have seen since 1982.The most likely case is somewhere in between, with a recession whose main brunt is felt this year but that has aftereffects".
145.97p
