The investment outlook for 2020

20 min Read Published: 28 Dec 2019

This time last year I wrote my 2019 investment outlook which, with the benefit of hindsight, makes for an interesting read. It is worth revisiting to see how accurate the outlook turned out to be. One highlight was my prediction that bricks and mortar UK property unit trusts could potentially close their doors, which ultimately happened two weeks ago.

Investment markets finished 2018 off the back of a brutal autumn sell-off and one of the worst Decembers on record for stock markets. Cash was proving a key part of a diversified portfolio and there were concerns that stock markets may enter a long term bear market. With the benefit of hindsight we now know that this was a catalyst for the US Federal Reserve to do a 180-degree turn on monetary policy and become more accommodative. Ultimately, as the year progressed it cut interest rates and launched another round of Quantitative Easing, even if it refuses to officially call it Quantitative Easing.

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