Investment Commentary December 2020

From a global economic perspective, November painted a mixed picture of underlying growth. In the US, the labour market saw some improvement, with a decline in the overall unemployment rate to 6.7% and a pick-up in average hourly earnings. There was also encouraging data from the housing sector with low interest rates continuing to boost activity.

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The value of your investment can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Prevailing tax rates and relief are dependent on individual circumstances and are subject to change.