Global markets are suffering significant falls as China drives global anxiety. Its poor growth and manufacturing data continues to hit commodities and change the dynamics of global trade and growth. Markets will be unpredictable as they assess who will win and lose from lower commodity prices, lower growth potential and the devalued Chinese currency.
We expect this period of volatility to last some months but volatility is part of the investment world and as always, the strategy to cope with volatility is made before the investment, so we are not advising any changes at present. All portfolios are likely to be down but not to the extent of the FTSE100 which is disproportionately affected by Oil and Mining shares which have been heavily hit, typical portfolios are likely to have fallen 5-6%.
If you need advice, please call us on 0800 132 740