From the 31st May 2023, we are changing the names of the T. Bailey Dynamic Fund and the T. Bailey Growth Fund in order to make them more descriptive to investors and so they fit more logically in our product range.
After a strong month for most financial assets in January, the final three weeks of February proved to be more of struggle.
February started with anticipated rate increases from the US Federal Reserve, the European Central Bank and the Bank of England. All three were keen to re-emphasise their inflation-fighting zeal.
The start of 2023 was a positive one for most asset classes. The rising tide rally in risk assets that commenced in mid-October 2022 stalled in December, but returned in January floating all boats.
The good news is that inflation is falling in developed markets. A warm winter in Europe will have a significant impact on lower inflation and be a boost for European businesses. China’s re-opening should be good for other markets too.
