Some things never change
by Michael Clough
In many ways, life has changed so much in recent weeks. Our usual routines suddenly seem distant memories. In other ways though, some practices haven’t changed at all. The ongoing management of our portfolios and two key components which underpin this, asset allocation and manager research, have continued uninterrupted. Of course, the way we carry them out has changed.
Market Snapshot
- Global equities reverse some of the previous week’s gains, but relatively contained
- Global employment numbers and service sector PMIs plummet
- Brent crude surged 36.8%, ending the week at $34.1 a barrel
- Gold fell 0.5% ending the week at $1620.8 an ounce