The financial markets have faced challenges over the first quarter. While the pandemic and its impact on the economy continued to wane as the year began, increasing inflationary pressures, and the prospects of increasing interest rates, weighed on investors’ minds. In the background were growing tensions in Eastern Europe, as Russian troops amassed on Ukraine’s borders.

As 2021 began, inflationary pressures started to rise but economic growth was deemed to be more important than the threat posed by inflation. It was only as the year came to an end, that central banks looked ready to address the inflationary pressures.

Economic recovery and the ‘Great Vaccination Divide’. You can read and download the full Q3 Market Commentary from our Investment Committee here.

What is a Bear market anyway? You can read and download the full Q2 Market Commentary from our Investment Committee here.

Active fund management is facing an existential crisis as a result of the rise of passive investing, which helps to explain the steady stream of myths we read about index funds.