Thomas Carroll’s Wealth Management team, in conjunction with our research partner, Square Mile, have prepared two financial market updates to bring you up to speed on recent market performance and how events in the external environment are impacting results.
January was one of the toughest months on record for fund managers and markets. The current market direction is being driven by uncertainty over inflation and interest rates and not necessarily by the health of the respective companies within it. A combination of these rising interest rates and increasing inflation figures, some poor earnings reports and the escalating conflict between Russia and Ukraine triggered a near panic in ‘growth’ stocks, battering markets such as the US tech-heavy Nasdaq index, which was down -8%, and the UK mid-cap FTSE 250 index, which ended the month -7%.
In our updates below, we delve deeper into the performance of fund managers and investment markets of late, followed by a closer look at the developing situation between Russia and Ukraine and what outcome we predict this may have on financial markets.