Acorn provides access to the latest investment commentary from our Asset Manager Partners, offering timely insights into market developments, portfolio activity and the factors influencing investment decisions.
AAC DEBRIEF
The Asset Allocation Committee (AAC) recommended no changes to the Tactical Asset Allocation this month.
The changes were therefore driven by market movements
- Increased Vanguard S&P 500
- Increased Vanguard FTSE Dev Europe ex UK (RP6)
- Reduced Fidelity MSCI Japan
- Reduced Xtrackers CSI 300
July Overview
July was marked by two competing market narratives as investors grappled with renewed geopolitical tensions and a reassessment of the AI investment cycle. Escalating US-Iran hostilities briefly pushed Brent crude above $100 a barrel, driving energy and broader commodity prices higher and reigniting concerns about inflation. As tensions eased, investor attention returned to second-quarter earnings and whether substantial AI-related capital expenditure would generate sufficient future returns.....
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- This is a marketing communication. Please refer to the Prospectus, Supplements, KIDs and KIIDs for the Funds, which contain full information on the risks and detailed information on the Funds’ characteristics and objectives, before making any final investment decisions.
- Guinness Global Investors uses RBC Brewin Dolphin as an investment adviser for the Multi Asset Fund range
