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Moneysprite Investor Update - November 2019

Submitted on Tue , 05/11/2019

October came and went with Brexit being extended again and the opposition parties finally agreeing to Boris Johnson’s request to go to the polls with a general election now called for 12 December.

The FTSE 100 ended October at 7,248.38 which was 2.2% lower than September’s closing figure.

In the US, the Dow Jones 30 was 0.5% higher ending October at 27,046.23.

Regarding currency, £ Sterling ended October at 1.29 US Dollars.  This was 5.3% higher than the closing figure at the end of September.

Against the Euro, £ Sterling ended October at 1.16 Euros, which was 2.8% higher than the September closing figure.

Inflation, as measured by the Consumer Prices Index including owner occupiers’ housing costs (CPIH), was 1.7% in September 2019 (this is September’s data which is reported in October).  This was unchanged from the previous month.  The 12-month rate for the Consumer Prices Index (CPI) rate which excludes owner occupied housing costs and council tax was 1.7% in September 2019, which was similarly unchanged from the previous month.

The Bank of England maintained interest rates at 0.75% in October.  The last change was an increase in August 2018.  This means long-suffering deposit savers are likely to continue to lose money in real terms when you consider the rate of savings interest compared to the rate of inflation.

The Omnis Managed funds, Openwork Graphene Model Portfolios and Omnis Managed Portfolio Service provide you with a diversified asset allocation in line with your Attitude to Risk, investing in Developed Market Equities, such as UK, US, Europe and Asia Pacific as well as Emerging Market equities.  Cautious and Balanced investors will also have significant holdings in UK and Global Bonds, as well as Alternative Strategies.

We believe this multi-asset approach aims to give you the best opportunity for the highest level of return for your stated level of risk.

Past performance is not a guide to future performance. The value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations.  You may not get back the amount you originally invested.

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