Investment Clock update

12 April 2021



Trevor Greetham, Head of Multi Asset at Royal London Asset Management, has provided an investment clock update.

A year on from the March 2020 low, vaccine optimism, fresh fiscal stimulus from President Biden and the prospect of a re-opening of the world economic into 2022 saw stocks move to record levels.

Investment clock

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Meanwhile, fear of eventual monetary tightening triggered a sharp sell off in government bonds with US Treasuries experiencing their greatest quarterly rise in yield since Donald Trump’s 2016 election victory. Commodities rallied to thirteen-year highs, leading cross-asset returns, as oil continued its rebound. Value stocks were a big beneficiary of the re-opening trade as leadership rotated away from the highly valued technology shares which performed so strongly last year.

If you'd like you'd like to find out more about the Investment Clock you can read the full report here.

About the author

Trevor Greetham

Head of Multi Asset at Royal London Asset Management

Trevor Greetham is a portfolio manager at Royal London Asset Management. Prior to joining Royal London in 2015, Trevor was asset allocation director for Fidelity Worldwide Investment, where he was responsible for implementing tactical investment decisions across a wide range of institutional and retail funds including the Fidelity Multi Asset Strategic Fund.

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