Tariffs, Trump, taxationa and tantrums

Written by Tom Caddick
July 16th, 2025.
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Following a period of huge market activity so far in 2025, what does this mean for investors?

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Chief Investment Officer, Tom Caddick, looks at the various factors causing market noise including Trump’s tariffs, a fluctuating dollar and changing UK economic policy.

Filmed on Thursday 10 July 2025. 

For insight and reflection on markets and portfolios, please refer to the below.

Watch: Investment Markets Q&A - July 2025
Tom Caddick, Chief Investment Officer.

Watch: How our portfolio managers have been managing market volatility
Madhushree Argarwal, Portfolio Manager.

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Author

Tom Caddick

Tom Caddick

Chief Investment Officer, London

Tom was appointed in March 2021 and brings to the table over 20 years’ investment experience. Prior to joining, he was at Santander Asset Management in London for nine years, where he was, most recently, the chief investment officer for its UK business, having previously been the global head of the multi asset division. Tom also spent several years as head of multi manager and fund selection at LV Asset Management.

Tom sits within Nedgroup Investments, a sister company, which provides investment advice, research and portfolio modelling solutions to Nedbank Private Wealth. Here, he heads up the London-based investment team. It is in this capacity that he is a member of Nedbank Private Wealth’s investment committee.

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