Blog

15th May 2017

Copia Monday Espresso

 

 

  • The Bank of England voted 7 – 1 to keep their policy rate on hold. This combined with poor UK industrial data sent sterling to a one-week low.
  • The amount of assets in global ETFs has now reached $4tn, according to preliminary data from ETFGI.
  • French President Emmanuel Macron is set to take a tough stance with the EU, with the aim to adopt tighter controls on both foreign investment and trade.
  • The Eurozone economy contracted for a second consecutive month, shrinking by 0.1% month-on-month. This fall was mainly led by Greek industry contracting by 2%.

  • On Tuesday 16 May we will have the release of UK Core CPI YoY, with market expectations at 2.2%.
  • On Thursday 18 May we see data released detailing US Initial Jobless claims, with expectations of 245,000.

A score of -1.0 indicates an extremely poor economic outlook, which is accompanied by a high probability of negative returns in risky asset classes like equities. The Risk Barometer tilts our portfolios away from equities during such periods.

A score of 0 indicates a neutral economic outlook with almost equal probability of positive and negative returns in risky asset classes like equities. The Risk Barometer maintains a balance between equities and other asset classes during such periods.

A score of +1.0 indicates an extremely positive economic outlook, which is accompanied by a high probability of positive returns in risky asset classes like equities. The Risk Barometer tilts our portfolios towards equities during such periods.

*as at latest realignment 24/04/17

Notice:

The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.

Risk Barometer

0

as at latest realignment

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    Copia Capital Management

    Fleet House, 8-12 New Bridge Street, EC4V 6AL

    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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