Advisers cool in face of sell off
By Will Grahame-Clarke, 6 Feb 18
IFAs react to the sell off that saw stock markets around the world drop sharply on Tuesday morning and tell International Adviser how they and their clients are reacting.
Peter Brooke, an adviser with The Spectrum IFA Group, based in the south of France, said: “Like us our clients are long-term investors and so can see past the short term noise.
“We outsource much of our management and our communications with our managers has been clear over the last few days; they have been taking profits, hedging currencies and preparing for short term increased volatility.
“In fact some of this is reassuring, we should be seeing some sell off in western government debt and it is clear with the tapering of QE that the tide is going out for these zombie companies out there.
“We believe, more than ever, that tracking the market and owning the losers via passives is now the wrong thing to do and so we look for active managers in both DFM and fund management. Times will be tough over the next few months but active use of capital by quality managers should reward investors in the long run.”
Tags: DeVere Group | Forth Capital | Perceptive Planning | Spectrum IFA Group | The Fry Group
