Quarterly Podcast: Another strong quarter prompts the long-anticipated rise in inflation

While the second quarter of 2021 saw a continuation of many of the first quarter trends; strong global GDP growth, slowing contagion rates and ongoing vaccination roll outs, we are finally seeing a rise in inflationary pressure. The extent of this inflation, and impact on businesses, stocks and bonds, still remains to be seen, but will likely depend on supply-side dynamics and ongoing policy decisions. Portfolio performance has continued its strong run from the last quarter, owing to some surprise overperformers, and businesses recovering more of their pre-pandemic returns. Despite the anomalies of the current market landscape we are optimistic about the coming months, given the likely continued release of demand, and the potential opportunities that a post-Brexit UK could present.