Stock markets began 2021 buoyantly given the late 2020 news about vaccines. And, although it’s been known for markets to price in future events up to two years in advance, we remain caught in a transition phase.
On the one hand, there have been sufficient reasons to be optimistic about a sharp vaccine-led recovery. On the other, the third wave of the pandemic in Europe has been threatening to derail economic progress. The spectre of inflation also spooked investors, as we saw in bond yields.
But what can investors expect in the short to medium term, while keeping their eye on their long-term goals? David McFadzean, head of wealth management, and our new chief investment officer, Tom Caddick, discussed recent trends in financial markets, how these might affect investors in the coming months and how our portfolios are positioned to respond.
We regularly publish company updates, as well as insights as to what’s happening in financial markets or how you can management your wealth. Just submit your email address to receive the updates in your inbox.
Clients of Nedbank Private Wealth can get in touch with their private bankers to understand how their portfolios are responding to market events, or answer any questions prompted by the webinar. You can also call +44 (0)1624 645000 and speak to one of our client services team.
If you would like to find out more about how we can help you manage your investments, please also 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.
The value of investments can fall, as well as rise, and you might not get back the original amount invested. Exchange rate changes affect the value of investments. Past performance is not necessarily a guide to future returns. Any individual investment or security mentioned may be included in clients’ portfolios and is referenced for illustrative purposes only, not as a recommendation, not least as it may not be suitable. You should always seek professional advice before making any investment decisions.
David is responsible for spearheading the growth of our wealth management business across the company’s international jurisdictions. Prior to taking on his current role, David was integral in developing the bank’s investment proposition for high-net-worth individuals, trustees and investment consultants. He is also a member of the bank’s executive committee.
He has over 25 years’ experience working for global blue-chip companies in both London and Jersey, and providing investment solutions to a wide variety of clients around the world. Prior to joining Nedbank Private Wealth, David spent 15 years with RBC Wealth Management where he held several senior roles, latterly leading the investment business as managing director and head of discretionary investments in Jersey.
David is a Chartered Fellow of the Chartered Institute for Securities & Investment and a Chartered Wealth Manager.
Head of Wealth Management
David is responsible for spearheading the growth of our wealth management business across the company’s international jurisdictions. Prior to taking on his current role, David was integral in developing the bank’s investment proposition for high-net-worth individuals, trustees and investment consultants. He is also a member of the bank’s executive committee.
He has over 25 years’ experience working for global blue-chip companies in both London and Jersey, and providing investment solutions to a wide variety of clients around the world. Prior to joining Nedbank Private Wealth, David spent 15 years with RBC Wealth Management where he held several senior roles, latterly leading the investment business as managing director and head of discretionary investments in Jersey.
David is a Chartered Fellow of the Chartered Institute for Securities & Investment and a Chartered Wealth Manager.
+44 (0)1534 823238
The week of 26 April saw markets start off relatively strongly on the back of positive news on exit strategies and potential treatments. However, by Friday, the tide had turned due to weak corporate and economic data filtering through, while Trump sought to re-escalate tensions with China.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }The week of 20 April again saw mixed market sentiment. The negative news focused on plummeting oil prices, disappointing trial COVID-19 treatment results, US travel restrictions, poor corporate earnings and weak economic data. The positive stories centred on further talk of exit strategies and a general slowdown in global case numbers.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }David McFadzean was joined by Andrew Yeadon to talk through the main Q1 2020 news driving markets, portfolio positions and what we expect may take place in Q2 2020 and beyond.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }The week of 14 April saw mixed market sentiment as the impact of the COVID-19 weighed on corporate earnings results and economic data releases, while further talk of exit strategies and progress on a possible treatment provided some relief.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }Last week – the week of 6 April – saw positive market sentiment and markets rise in value with the narrative focused on the slowing rates of growth in the number of new COVID-19 cases in parts of Europe and the US, enabling attention to shift to possible exit strategies from the lockdown and economic activity being kick-started. Unfortunately, we believe markets are being overly optimistic. Economies will struggle to reopen fully anytime soon given the need for increased hospital capacity, widespread testing, improved patient treatment, and, ultimately, the delivery of a vaccine.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }Financial markets have always been prone to react quickly, sometimes intensely, to news flows as they try to price in potential disruption to or support for economic activity.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }With the coronoavirus pandemic, the focus for many people is on the short term. Retirement planning is still important, but why is now actually a good time to think things through?
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }The week starting 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 coronavirus.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }During our 19 March webinar, David McFadzean, our head of investments, discussed recent events linked to the coronavirus pandemic with Simon Watts, our senior investment analyst. Due to the number of questions asked during the webinar, we have put together this Q&A, grouping questions together where possible, and using the information available at the time.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }2019 marked the 25th anniversary of the opening of Nedbank Private Wealth’s Jersey office. Your memories of 1994, if any, are likely to depend on your interests or predilections at the time or since.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }Investment performance is sometimes reported before fees and charges are taken into account and sometimes after everything has been paid, i.e. net of fees.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }We publish our total expense ratio to flag to investors exactly what they pay when investing in our portfolios. However, we include costs that others don’t always include.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }We operate in a really competitive industry. It’s one of the reasons why some people find it difficult to choose an investment manager – there’s such a huge choice! We believe there are five key points you need to consider when making your selection.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }Unlike tossing a coin, portfolio management is not a game of chance and the risks are not usually 50/50. There is a huge range of potential investments to choose from and a professional wealth manager should be able to demonstrate consistent results over a long period with a greater success rate than 50%.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }The news flow on the COVID-19 coronavirus took a more negative tone over the weekend of 22/23 February, and we have started this week with a sizeable risk-off move.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }The week starting 9 March saw markets opening in disarray, with investors reacting negatively to news that the OPEC+ talks had broken down and the Saudis had sparked an oil price war with Russia over its refusal to cut production. That led to a 30% fall in the price of oil. The biggest impact will be in the energy sector, but it was also taken badly by the broader market.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }David McFadzean was joined by Simon Watts on a webinar to talk through the latest news due to coronavirus, portfolio positions and what we might expect next.
.aa93a58c-2957-4922-aaff-4a3098b32d70 { fill: #212b36; }
Tom joined Nedbank Private Wealth as its chief investment officer in March 2021. Prior to joining, Tom was at Santander Asset Management in London for nine years, where he was, most recently, chief investment officer for the UK business and previously global head of the multi asset division. He has over 20 years’ investment experience, including several years as head of multi manager and fund selection at LV Asset Management.
Tom’s responsibilities include heading the London-based investment team, and chairing both the International Strategy Committee and the International Investment Committee. Tom is also part of the international investment team for Nedgroup Investments, a sister company of Nedbank Private Wealth.
Chief Investment Officer
Tom joined Nedbank Private Wealth as its chief investment officer in March 2021. Prior to joining, Tom was at Santander Asset Management in London for nine years, where he was, most recently, chief investment officer for the UK business and previously global head of the multi asset division. He has over 20 years’ investment experience, including several years as head of multi manager and fund selection at LV Asset Management.
Tom’s responsibilities include heading the London-based investment team, and chairing both the International Strategy Committee and the International Investment Committee. Tom is also part of the international investment team for Nedgroup Investments, a sister company of Nedbank Private Wealth.
+44 (0)20 7002 3498
Karen joined the marketing team at Nedbank Private Wealth in 2019, and is based out of the London office. She brings to the table over 20 years of marketing and public relations experience in financial services in Asia, Europe and the UK.
Primarily focusing on the development and distribution of articles, insights and webinars to existing and prospective clients for the bank, Karen is also in charge of digital marketing. She holds a B.A. (Hons) in Business Administration from the UK and a Diplombetriebswirt from Germany.
Marketing, UK
Karen joined the marketing team at Nedbank Private Wealth in 2019, and is based out of the London office. She brings to the table over 20 years of marketing and public relations experience in financial services in Asia, Europe and the UK.
Primarily focusing on the development and distribution of articles, insights and webinars to existing and prospective clients for the bank, Karen is also in charge of digital marketing. She holds a B.A. (Hons) in Business Administration from the UK and a Diplombetriebswirt from Germany.
+44 (0)20 7002 3607
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