ANDREW Taggart, senior portfolio manager, lightened the mood at the recent Thomas Miller investment seminar.
He discussed the performance of different asset allocation strategies over the short, medium and long term.
In particular Mr Taggart noted that UK investment returns over the last three years had not been as bad as the economic and monetary headlines might lead people to believe, though each year certainly brought quite different risk and return trade-offs. It was also shown that in volatile periods a balanced approach did not just help to mitigate risk, but also could enhance returns.
David Thomas, director of Thomas Miller Investment (Isle of Man) Limited was delighted to host the seminar and thanked guests for their attendance and continuing support.
He commented, ‘I have been in the investment industry for over 35 years but I confess that the current period ranks highly amongst the most unpredictable and volatile markets I have experienced.
‘This includes 2008/early 2009 as, at least then, equity markets seemed to be headed in a downward direction, whereas current markets are moving up and down in ranges of up to 4 per cent on a regular basis.
‘At TMI we recognise the importance of maintaining regular contact with all of our clients and business partners, especially during these unsettled times. This was the third seminar held in the Isle of Man and it was a pleasure to welcome those that had attended before, as well as those who were attending for the first time’.
Thomas Miller Investment was established more than 30 years ago and provides boards, investment committees, trustees and private individuals with a focussed range of investment management services.
Last week’s Business News reported how in the first part of the seminar, Abi Oladimeji, investment strategist, predicted a ‘high risk of new recessions’ in the developed world.