The old adage “Sell in May and go Away” has some validity. In our latest Investment Clock strategy report, ‘A pivotal October’, Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reflects that seasonality usually turns positive from October but October itself can be the most volatile month.
The Global Multi Asset Portfolios (GMAPs) moved to a broadly neutral position on equities, having taken profits early in the summer. But with the US economy strong, interest rates low elsewhere and China easing policy to offset trade war fears, the team see October volatility as a potential buying opportunity for stocks.
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Past performance is no guide to the future. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author’s own and do not constitute investment advice.