Driven largely by an influx of systematic capital flows and retail investors during the back half of the month plus a belief the Omicron-related Q1 economic dip was transitory, equities had a strong March. Markets appeared to be unfazed by higher interest rates and inflation, with limited impact from the Ukrainian situation. Despite the continuing conservative positioning held by each of our two funds, the table below highlights that each fund generated a positive net return. While we can identify catalysts that could cause equities to move higher, the combination of rising rates and slowing economic growth causes our bias to remain towards protection. The Energy sector continues to offer the best opportunity for offence.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.