Despite a slowdown in emerging markets and China in particular, our outlook for equities remains positive overall.

Growth in developed markets fuelled by consumer consumption, a lower oil price and a continuation of an ease in monetary policy by central banks looks promising for equity prices over the long term.

Defensive assets such as bonds, cash and property still have an important role to play and we believe declines in the stock market provide an opportunity to rebalance portfolios as and when appropriate.

For a free second opinion on your investments to see if you are on track, why not contact one of our Wealth Managers on 01858 898023.

Opinions constitute our judgement as of this date and are subject to change without warning. The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment. Past performance is not a reliable indicator of future results and forecasts are not a reliable indicator of future performance.