Weekly Market Update
St. James’s Place Wealth Management (SJP) is a FTSE 250 company with £30.9bn of client funds under management. Through a dedicated network of advisers, the partnership, they offer face-to-face wealth management advice, which is tailored to meet individual circumstances.
Investors in Excellence is a customer of SJP and we are delighted to share the weekly market update which we find most valuable
Please find attached this week’s Bulletin which contains the following points:
· Although it ended poorly, the week as a whole was a positive one for equity markets.
· The Bank of England announced a package of reforms that will see the Funding for Lending Scheme run until 2015, as well as increasing the number of initiatives available to banks to lend to small businesses.
· By posting a better-than-expected 0.3% quarterly expansion in the first quarter of 2013, the UK has comfortably avoided a triple-dip recession, reversing a similar-sized fall for the previous quarter.
· Equities have had an excellent run and it is not as easy for some managers to find value opportunities as it was two years ago. Nick Purves of RWC Partners, recently gave his views.
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