This is the second in our series of posts about our various model portfolios, and looks at Global Equities from the perspective of Factors.

With the long summer holidays and so many elections coming up, there is a feeling of Policy Paralysis going on, but also a recognition that this is about to change. In particular, the failed and deadly collective of ‘Zero’ Policies – Zero Interest Rates, Zero Covid and Zero Carbon

A little noticed (by most) statement came out in early July – effectively the day of Boris Johnson’s resignation – from an unusual source, a joint press release by Britain’s MI5 and the US FBI. The statement was on China and essentially stated that the biggest threat the UK faced was from Chinese competition