Pension funds and other institutional investors, as they’re called have no patriotic duty to invest in the UK, our stockmarkets or government. Their ‘duty’ is to get the best returns within risk parameters etc. for those they serve. And in most cases, as it does with a majority of the funds we recommend, that means a global spread, and sadly and predictably, we’re becoming a smaller and smaller part of that global spread. Despite the fact that we still have many global giants listed here; although that in itself can be a problem as the top 10 companies make up a huge proportion of its value and some are already talking about moving to the New York market. Then of course there’s the elephant, or perhaps giant sperm whale in the room. Brexit. On which those on the front line fairly and squarely put the blame, even if those in or hoping to be in power won’t do anything about or even acknowledge the problem. Hey ho.
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.
