Looking for Investment Value April 2024
Published / Last Updated on 04/04/2024
We all want to buy low and sell high. Therefore, we should look for value when reviewing our asset allocation in our pension and investment portfolios.
There is much speculation that we are nearly out of the economic downturn of the cost of living/inflation crisis and likely interest rate cuts.
We have long forecasted that when inflation comes down, interest rate will then fall and both stock markets and bond/fixed interest and index linked bond funds will bounce back and in many cases new records will be set.
Already, in 2024, markets in the USA, Europe and Japan have all set new record highs. We do expect the UK to follow suit and whilst we do not expect China a Hong Kong to set record highs, we do expect them to recover when the global economy moves even further into positive territory with lower interest rates.
|
|
All Time Record High |
% difference at close 29/03/24 v All Time High |
When Hit Record High |
|
|
FTSE 100 |
8,047 |
-1.18% |
Feb-23 |
UK |
|
FTSE 250 |
24,353 |
-18.35% |
Sep-21 |
UK |
|
Dow Jones 30 |
39,887 |
-0.20% |
Mar-24 |
USA |
|
S&P 500 |
5,264 |
-0.19% |
Mar-24 |
USA |
|
Dax |
18,567 |
-0.40% |
Mar-24 |
Germany |
|
CAC |
8,253 |
-0.58% |
Mar-24 |
France |
|
Shanghai Comp. |
6,124 |
-50.34% |
Oct-07 |
China |
|
Hang Seng |
33,223 |
-50.21% |
Jan-18 |
Hong Kong |
|
Nikkei 225 |
41,087 |
-1.75% |
Mar-24 |
Japan |
The table above detailing where markets closed last week shows us that both the FTSE 250 (mid-sized companies that traded in domestic markets i.e., at home) and both the Shanghai Composite and the Hang Seng are some way of year highs and all-time highs.
Is now the time to think about value and rebalancing with some exposure to those markets again?
