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Article | 30 October 2019 | Investments
Riskier assets like shares (equities) had a good month, boosted by rate cuts and other easing measures from the US and European central banks.
The European Central Bank further encouraged governments to support central bank action with fiscal spending programmes.
There was little sign that the manufacturing slowdown had reached the bottom, although optimism persisted that central bank action would be sufficient to support the cycle. A lack of progress in US/China trade talks has led us to maintain a cautious view.
With the Brexit outcome still as uncertain as ever, and potentially driving further market volatility, we are happy to maintain an allocation to non-sterling assets