Colin Leggett

Markets had a strong Q3, despite ongoing concerns over geopolitical and political risks. Global equity indices climbed, some reaching all-time highs. Gold rallied while the US dollar remained weak. There was a continuation of the major themes, as markets rose with rate cuts from the US Federal Reserve and AI investment driving sentiment. We remain positive on risk assets in the short term. We retain a diversified approach to our models. In fixed income, we remain focused at the short end of the curve and maintain a small allocation to alternatives for diversification. In equities, we retain a global exposure, with thematic exposures in technology and gold miners. We use a currency hedged fund to mitigate US dollar weakness.

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