Equity markets have got off to the worst start since 2008 but this should not last, given the continuing prospect of low interest rates and consequent push of cash toward real yield. It may, however, be an indication of increased volatility in 2015, certainly if December is any guide. The FTSE100 may have a tough year, driven as it is by energy and financial stocks.
In the weeks before Christmas I circulated details of Standard Bank’s latest Guaranteed Deposit Note. The Note was due to close on January 20th but it closed in record time. More than £30 million was taken before Christmas and a further £10 million of applications had to be turned away. Because of the huge demand, the bank will be launching another note on similar terms shortly, therefore if you do have an interest please do register it early.DOWNLOAD FULL REPORT (PDF)