Investment Commentary August 2020

Data released over the past month showed that the global economy continues to recover from the sharp contractions in activity recorded in the second quarter of 2020.

In the US, key indicators of economic activity show ongoing improvement but the pace of activity has slowed from the initial burst seen in the first couple of months following the reopening of the economy.

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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.