September 2016 markets update

The falling Pound has no doubt proved helpful in this respect; foreign investment funds are now worth more to the UK investor when translated back into Pounds Sterling terms, even though the weakening currency is no doubt less helpful for the British holidaymaker or consumer. In September, the Dollar and Euro both appreciated by between 1%-2% vs GBP, providing an additional boost to the global investment portfolios held by our UK-based investors.

The cheaper pound has also been helpful for the FTSE 100 and All-Share indices; it has incentivised foreign investors to buy UK shares at more attractive purchase prices given that their currencies go further than they used to at the point of buying. Consequently, for one reason or another, equity markets have continued to power forwards, which would have been unthinkable back in June.

During September Emerging Markets and Commodities led asset classes forward. Investors are starting to feel more confident about putting money to work in developing nations as a re