Steering the right course
Childe does expect equity markets to be higher at the year-end than where they are now, and the bulk of strategies will be skewed toward equity-biased weightings.
“We never like giving a forecast, we just like to look at the medium to long-term consistent returns. We like to be judged over that period rather than on a six or nine-month period.
“If we can look back at the previous three to five years and look at our compounding, and if those numbers stack up well, then we think we are getting close to doing our job – but we are never satisfied.
“We have a lot of headwinds out there in the coming months. This could be one of the most important periods for four or five years, with this new economic cycle where interest rates will begin to normalise, to a gradual degree admittedly, but it is happening. We have to help our clients navigate through those markets in the coming one or two years.”
