Strong returns crown 'remarkable' year - Jaime Arguello

Architas advent calendar – 15 December

clock • 1 min read

Many market participants expected a quiet 2016 but, as it turns out, nothing could have been further from the truth, says Architas chief investment officer Jaime Arguello

Speaking in the above video, which continues Professional Adviser's Architas Advent Calendar counting down to Christmas, Arguello acknowledges that the returns enjoyed by financial markets this year are surprisingly good given the economic backdrop and the extraordinary events that have characterised 2016.

Growth in the major economies ground slightly higher and inflation was notable by its absence, he points out. But the most outstanding feature of the year, he suggests, was the market's response to "two great binary events" - the EU referendum and the US election.

Arguello says: "In both cases the result was the opposite to what was predicted by the polls. The Brexit shock was largely felt in the currency markets as sterling's collapse saw a 30-year low against the dollar.

"The US election brought a further reset as Trump cruised to victory. The detail of his eventual policies has yet to be confirmed but his intention is clearly expansionary."

Arguello concludes: "As this remarkable year comes to an end, sterling investors will be glad to have got through it with such strong returns."

Partner insight advertorial. For adviser use only.

In-depth

Do you really think the young are bypassing advice by choice?

Do you really think the young are bypassing advice by choice?

We could use a bit more empathy when it comes to future clients

Hope Coumbe
clock 20 May 2024 • 4 min read
Editor's View: Stepping things up ahead of the 31 July deadline

Editor's View: Stepping things up ahead of the 31 July deadline

The editor's Friday Night Takeaway from 17 May

Hope Coumbe
clock 17 May 2024 • 1 min read
Women in Financial Advice Awards 2024: All the nominations!

Women in Financial Advice Awards 2024: All the nominations!

More than 1,500 nominations for 792 women from 337 companies

Professional Adviser
clock 08 May 2024 • 21 min read