- Most investment funds were down this month by between 0.2% and 3%*. Share markets were generally lower due to the uncertainties around the historic EU referendum in the UK. Somewhat ironically, the major exception to this was the UK share market itself, which actually finished the month 4% higher! Many large British export companies may actually benefit from the lower UK Pound. European shares on the other hand, fell 6% and the United States market ended the month where it started.
- Interest rates also fell, which led to solid returns from fixed interest investments. Shares in global property companies also benefitted from the lower interest rates. This in turn helped to offset some of the weaker share markets.
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