Scott Mordrick

The recent decline in equities highlights market sensitivity to US economic data, associated interest rate expectations and the broader geopolitical outlook. Meanwhile, credit spreads have widened slightly, suggesting a modest uptick in perceived credit risk, though overall corporate fundamentals remain resilient. 

This environment points to a more selective investment approach, favouring quality assets with strong balance sheets. While volatility will likely persist in the near term – at least until we get a clearer picture of the new tariff regime – we are happy to harness some risk as and when discounted prices present in selected markets

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