In this quarter’s edition:
Our team’s views on the recent developments within the Natural Resources sector.
Topic of the quarter:
Insight from George Cheveley, Portfolio Manager, on whether gold equities have moved back onto the agenda given the falls in world stock markets in the final quarter of 2018. Over the fourth quarter, gold equity returns beat those of the MSCI AC World and were just behind the S&P 500. However, with China and US now re-engaged on trade negotiations, investors are now asking if this was just a flash in the pan?