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Navigating stock market turbulence
Alex Crooke, Portfolio Manager of The Bankers Investment Trust, talks about the Trust’s performance year-to-date, the role of regional managers within the portfolio, the implications of higher interest rates and elevated inflation on businesses, and areas where he is finding opportunities in a volatile market.
7 Oct 2022
Key takeaways:
- It’s been a difficult period for global equity markets as rising inflation, higher interest rates, and the war in Ukraine have weighed on investor sentiment. However, The Bankers Investment Trust has held up relatively well benefitting from its defensive positioning.
- Given the current environment, we are looking to tilt the portfolio towards areas where growth and monetary policy are likely to be more supportive and where valuations may be more attractive e.g. Greater Asia (including China) and financials.
- The current outlook remains uncertain given upward pressure on interest rates, as we do not know how high they may go or what effect that will have on inflation. Therefore, portfolio construction will continue to be driven by areas where we see better opportunities – the best growth for the best value.
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7 Oct 2022
Key takeaways:
- It’s been a difficult period for global equity markets as rising inflation, higher interest rates, and the war in Ukraine have weighed on investor sentiment. However, The Bankers Investment Trust has held up relatively well benefitting from its defensive positioning.
- Given the current environment, we are looking to tilt the portfolio towards areas where growth and monetary policy are likely to be more supportive and where valuations may be more attractive e.g. Greater Asia (including China) and financials.
- The current outlook remains uncertain given upward pressure on interest rates, as we do not know how high they may go or what effect that will have on inflation. Therefore, portfolio construction will continue to be driven by areas where we see better opportunities – the best growth for the best value.