>Investment Strategy, July - August 2012 - Wealth management
July 2012 - #50
Investment strategy #50 July 2012
July 2012, Investment strategy #50.
The European summit at the end of June did not turn out to be the tipping point that investors had hoped for. After posting an initial steep drop, risk premiums on peripheral debt once again rose rapidly. Unexpectedly, however, equity markets held up well. We are again sending a message of prudence when it comes to this asset class, given the slowdown in global growth and the risk of disappointing company results. We still prefer to invest in private sector bond issues, although we are focusing on investment grade issuers at the expense of more speculative issuers, which are more sensitive to economic fluctuations.
Please note that investments may be subject to market fluctuations and the price and value of investments and the income derived from them can go down as well as up. As such your capital may be at risk.
Societe Generale Private Banking (SGPB), the wealth management arm of Societe Generale, is operational in 18 countries across the globe. Societe Generale Private Banking Hambros, is part of the SGPB network based in the UK, Channel Islands and Gibraltar and offers wealth management solutions to high net worth individuals. Societe Generale Private Banking Hambros’ offering comprises international wealth planning and trust services, and global expertise in a wide range of investment solutions.
Societe Generale Private Banking Hambros is the brand name for SG Hambros Bank Limited (UK), SG Hambros Bank (Channel Islands) and SG Hambros Bank (Gibraltar) Limited.