We gained a new prime minister and coalition government on 11th May and they have tasked themselves with reducing the deficit – a move which was welcomed by the CBI and Institute of Directors. The emergency budget will be held on June 22nd.
UK Growth figures have been revised upwards to 0.3% for the first quarter of this year. The last month has seen some turbulence in the global markets which this morning, are showing signs of recovery.
All of the funds in our model portfolios have maintained their strong ratings with UK and Global property continuing to outperform. Our UK Property fund, Ignis, has now returned 17.8% over the last 12 months and continues to rise steadily.
The next quarterly fund review is in July where we will once again email our Wrap clients.
Wrap update june 2010
FTSE wavers as ‘Glenstrata’ deal weighs on miners
Britain’s benchmark index dragged down by miners as opposition to the merger of commodities giant Glencore and miner Xstrata mounts.
more »The ship be sinking: a portent of economic doom
A downturn in the 'Baltic Dry Index' may not cast the same pall it used to, but a 25-year low is worrying nonetheless.
more »