BBS Investment Competition
September saw more subdued returns, as markets cooled from the central bank’s announcement of further expansionary policies, and instead politics once again took centre stage.
With the bond rally not continuing in the same vein as August, September saw a minor reversal of fortunes from the previous month. Alongside its rugby team, Japanese equities have been the outperformer this month, leading the way returning 5.9%. This was followed by Eurozone equities which returned 3.8%.
These marginal gains for equity markets meant that gold made its first appearance at the bottom of the pile losing 3.6% over the month. However, since the start of the competition it still leads the way posting an impressive 13.8%.
British politics continues to be volatile, with the Supreme Court controversially declaring the length of Boris Johnson’s prorogation of Parliament unlawful and ordering a return, leading to fiery exchanges in the Commons. Elsewhere, Austria had an election temporarily calling time on the more extreme FDP as its minor coalition partner, which caused mainstream politicians in Europe to breathe a sigh of relief.
With the investment competition heading into the final straight, Mark Russell Smith is currently leading with a fund value of £1,087,475.
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