Architas has been increasing defensive positioning on its portfolios in response to recent market volatility and Prime Minister Theresa May's decision to hold a General Election on 8 June.
The firm pointed to geo-political tensions and market uncertainty, which has been exacerbated by May's decision to call a snap election. Nathan Sweeney, senior investment manager at Architas, said: "We have been adding to defensive positions in our portfolios in recent weeks given the uncertain geo-political situation." PM May announces surprise General Election on 8 June Sweeney said the firm's allocation to gold had been increased after the position was introduced last year, with political risk and the end of the market cycle highlighted as the two key factors for the move. Th...
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