3rd Quarter Market Outlook

Quarterly Outlook

We have seen material markdowns in asset values over the first half of 2022 which will provide an excellent opportunity in the fullness of time, but the moment to be aggressive and add to risk regrettably remains some way off. Financial conditions remain very fragile and it is not clear that there will be any near-term relief. Understandably, we remain defensively positioned across all mandates.

Glenn Coxon