Cappuccino Commentary

Cappuccino Commentary

Cappuccino Commentary

The start of 2024 has delivered a mixed bag in terms of returns. Developed equity markets were generally positive, (except for the UK), while it was a much tougher start to the year for emerging markets, which sold off in the region of -4.0%.

Cappuccino Commentary

December was a “sea of green” with the majority of assets delivering positive returns. Markets were buoyed by the cooling of inflation and expectations for dovish monetary policy in 2024.

Cappuccino Commentary

Most asset classes rallied in November due to expectations that interest rates may have peaked and will be cut next year.

Cappuccino Commentary

October proved to be a challenging month for most asset classes as geopolitical risks rose and concerns about ongoing inflationary pressures persisted.

Cappuccino Commentary

In general September was a challenging month for most asset classes, some did manage to deliver positive returns, but this was a more a function of currency moves enhancing returns for sterling investors, rather than positive performance from the underlying investments.

Cappuccino Commentary

August proved to be a difficult month for equity markets as volatility returned. For UK investors, all the major countries / regions recorded losses, with Europe and North America fairing better than Asian and emerging market countries.

Copia Capital Management

Hamilton House, 1 Temple Avenue, London, EC4Y 0HA

Understanding the risks

This information is intended for professional financial advisers only. Copia does not provide financial advice. This information is not intended as financial advice and should not be interpreted as such. Model investment portfolios may not be suitable for everyone. The value of funds can increase and decrease, past performance and historical data cannot guarantee future success. Investors may get back less than they originally invested.

Copia Capital Management is a trading name of Novia Financial Plc. Novia Financial Plc is a limited company registered in England & Wales. Register Number: 06467886. Registered office: Cambridge House, Henry St, Bath, Somerset BA1 1JS. Novia Financial Plc is authorised and regulated by the Financial Conduct Authority. Register Number: 481600.

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