Febuary Investment Bulletin
Posted by AndrewEarles on Tuesday 7th of February 2017.
The FTSE 100 ended January at 7,099.15, which was slightly lower than the 2016 year end closing value at 7,142.83. During the month, the FTSE 100 closed higher for the tenth day straight session, posting an eighth record high, and matching the longest record-breaking streak in its 33-year history.
Since these highs, the FTSE 100 has fallen back slightly reflecting a wider pessimism across European markets as a result of disappointing US economic data and President Donald Trump’s executive order to clamp down on people entering the US from several predominantly-Muslim countries.
In terms of £ Sterling, it ended the month at 1.2579 US Dollars, which as slightly higher than at the end of 2016.
It was a slightly different story for £ Sterling against the Euro, closing January at 1.1649 Euros, which was slightly lower than the rate at the end of the year which was 1.1733 Euros.
The Bank of England maintained the base rate at 0.25% again, This means that the bank and building society savers continue to suffer with the best instant access rates available being only 1.01% from Post Office and Virgin Money.
With the triggering of Article 50 looming and President Trump taking further control in the United States, it is anticipated that 2017 will be a volatile year for investors and as usual it remains increasingly important to invest in a well diversified investment proposition.
The Omnis Managed funds and Openwork Graphene Model Portfolios provide you with a diversified asset allocation in line with your Attitude to Risk, investing in Developed Market Equities, such as UK, US, Europe and Asia Pacific as well as Emerging Market equities. Cautious and Balanced investors will also have significant holdings in UK and Global Bonds, as well as Alternative Strategies.
We believe this multi-asset approach aims to give you the best opportunity for the highest level of return for your stated level of risk.
Past Performances is not a guide to future performance. The value of an investment and any income form it can fall as well as rise as a result of market and currency fluctuations. You may not get back the amount you originally invested.