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Cirilium Passive monthly commentary - October 2024

Date: 20 November 2024

UK: Suitable for retail and professional clients.

Our market summary

It was a disappointing month for equities and bonds across the board. In local currency terms, Japanese equities were the only positive developed market returning 2.3%. Uncertainty around future growth is still the main concern for investors, whilst the US election added further uncertainty about potential policy shifts affecting taxation, inflation, and interest rates.

However, it was not all gloom for sterling-based investors as the relative weakness of the pound against the US dollar over the month saw US and global equities deliver positive returns of 3.6% and 2.0%, respectively.

Continue reading the latest monthly commentary

Ian Jensen-Humphreys

Portfolio Manager

Sacha Chorley

Portfolio Manager

CJ Cowan

Portfolio Manager