“These are bullets, cannonballs and missiles of an economic war waged against our country” President Recep Tayyip Erdogan of Turkey.

Market Commentary

The S&P500 was up over August, delivering its fifth consecutive monthly gain. Equity valuations in developed markets – particularly the US- remain high, yet stock prices continue to rise. We maintain a defensive approach to our investing, steering towards sectors we believe will hold up better if markets turn. While the USequity prices have continued their relentless rise, emerging market have struggled.

Read the full report here >