The week beginning 23 March saw governments and central banks around the world continue to take further steps to counteract some of the impact of the economic shutdown stemming from the coronavirus pandemic.
Monitoring economic growth across the different countries allows us to see when the virus comes under control, and potentially how long countries will have to remain in shutdown. In terms of the economic data, this week sees:
There are no scheduled significant central bank meetings until the end of April, but these are very unusual times and that could easily change.
Meanwhile, as we flagged before, our investment committee continues to meet on a daily basis during the week. We’re not yet ready to increase risk in portfolios, but we are very focused on this matter and will be able to act decisively when the time is right. We are very cognisant that we are custodians of our clients’ assets and are using all our experience, knowledge and skills to endeavour to achieve the best outcomes possible.
We regularly publish updates as to what’s happening in financial markets. Just submit your email address to receive the updates in your inbox.
Clients of Nedbank Private Wealth can get in touch with their private banker directly to understand how their portfolios are responding to market events, or call +44 (0)1624 645000 to speak to our client services team.
If you would like to find out more about how we manage clients’ investments, please contact us on the same number as above. Or you can get in touch using the links to the forms towards the end of this page.
All data is for the four days ending 30 July. Sources: Nedbank Private Wealth and (1) John Hopkins University; (2) US Department of Commerce; (3) US Department of Labor; (4) Bloomberg; and (5) Eurostat.
Investments can go down, as well as up, to the extent that you might get back less than the total you originally invested. Exchange rates also impact the value of your investments. Past performance is no guide to future returns. Any individual investment or security mentioned may be included in clients’ portfolios. They are referred to for information only and are not intended as a recommendation, not least as they may not be suitable. You should always seek professional advice before making any investment decisions.
If you are interested in becoming a client, please complete the form via the ‘become a client’ button below. Alternatively, if you are already a client, or if you have a question about how we help clients in particular circumstances, please use the ‘contact us’ button.
We will get back to you as soon as we can during office hours, which are Monday to Friday, 8am to 8pm (UK time), except for UK public holidays.
Thank you for your interest in Nedbank Private Wealth. Please call us on +44 (0)1624 645000 or complete the requested information and one of our team will get back to you soon. We look forward to speaking with you. Please note: If you are an EU resident, we are unfortunately unable to offer our services to you at present.
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Please call us today on +44 (0)1624 645000. Our office hours are weekdays from 8am to 8pm (UK time), except for UK public holidays.
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