Market Update (18th May 2020)

We had some good news last week as the UK economy slowly began to restart, following last weekend’s change in the Government’s messaging.

People living in England were encouraged to return to work if they could, allowed to meet a friend in a park and became able to travel relatively freely. Nando’s restaurants began to reopen for deliveries only in England, providing relief to casual diners! In Wales, parks were reopened.

Managing Volatility

Diversification is paramount in uncertain times

The outbreak of coronavirus (COVID-19) has understandably been dominating the news headlines. Market fear over the escalating global spread of coronavirus has seen a sell-off across many asset classes. This period of market stress further emphasises the importance of diversification within portfolios. Investors’ objectives can rarely be met by investing in a single asset class.

Market Update (11th May 2020)

As I am sure you are aware, the Prime Minister, Boris Johnson announced the first change to the UK’s lockdown rules yesterday (10th May), with full guidance due to be released today.

The good news is that virus data continues to improve in the UK and indeed generally across Europe. Domestically, per the first chart below the trend of COVID fatalities continues downward despite the new inclusion of care homes, whilst hospital patient numbers are also declining, per the second chart:

Market Update (4th May 2020)

This week should bring more clarity to the Government’s plans surrounding lockdown. Further good news comes from the latest government statistics which show that the daily death toll in the UK fell this past week, despite now also accounting for deaths outside of hospitals.

315 deaths were sadly reported in the UK yesterday (Sunday 3rd May) down from 621 confirmed the day before. The trend is definitively downwards, as shown in the chart below that uses a 7-day moving average:

Market Update (14th April 2020)

We’ve seen some encouraging news from the continent in the last week as Italy and Spain saw continued falls in new virus cases and deaths. Lockdown measures have also been eased in Spain, Austria and Czech Republic and Denmark and Norway’s schools and kindergartens are set to reopen on 15th and 20th April respectively.

Closer to home, our own lockdown is likely to be extended this week, although we have had several days of falling deaths and new cases.

Market Update (31st March 2020)

As we continue to feel the impact of coronavirus right across the UK, I hope that you, your family and your friends are keeping safe and well.

There is no doubt that these are truly extraordinary times. While the majority of the Fairstone team is working from home, we are still working tirelessly on your behalf to support you and your interests.

Our primary focus is you and your financial objectives and as always, it is important that you stay focussed on your longer-term goals.       

Market Update (24th March 2020)

The impact of coronavirus is being felt right across the UK and I hope that you, your family and your friends are keeping safe and well.

Despite the disruption, I wanted to reassure you that here at Fairstone we have strong business continuity plans in place and as a result, 90% of our staff are fully operational from home with our remaining people keeping our offices open.