As we bid farewell to this portfolio, we reflect on the fortunes of a key theme in the portfolio and flag up macro risks that investors will need to keep an eye on.
The US market looks overcooked, while other developed markets as a whole have been under the weather of late. However, Ceri Jones sees a pocket of opportunity.
For UK investors, the volatility in the sterling/dollar exchange rate is a major concern. With this in mind, Ceri Jones has hedged the S&P 500 dollar exposure.
