….absolutely nothing. Unless you are invested in defensive companies, government bonds and other “risk-off” assets. That is until conflict starts, at which point history teaches us that (strangely) markets rally dramatically as a result.
The war of words between Kim Jong Un & Donald Trump has been a major focus for markets over the past few months, with investors hoping that it doesn’t escalate into a fully-fledged war of nuclear proportions. This month we consider the possible implications for the markets if this tension continues to escalate. We use data from previous wars spanning back to WWI to examine the possible consequences if this verbal war becomes a real conflict. Thankfully we have no benchmark for an exchange of nuclear missiles. We sincerely hope it stays that way.
Mountstone Partners create and manage bespoke investment portfolios for wealthy families, charities and trusts. CEO James Keen publishes a monthly investment update for their clients. Please contact him if you have any queries about the markets or indeed your portfolio.
Mountstone Partners Ltd
24 Berwick Street
Call: +44 (0) 203 617 9162
James Keen – Director
James is co-founder of Mountstone Partners and is responsible for managing client portfolios, chair of the asset allocation committee and has oversight of the portfolio construction process.
Prior to founding Mountstone, James was an Investment Director at Brooks Macdonald, a firm that manages £4.5 billion of private client portfolios. At Brooks Macdonald James was one of 3 Investment Committee members responsible for the entire investment process. He was an Asset Allocation Committee member, head of 5 London investment teams and was responsible for client relationships representing £239 million of client portfolios.
James has been recognised as one of the “Top 40 Under 40” advisers in wealth management in the UK (as awarded by PAM) for the last 2 years running