CGT : Capital Gearing hails positive performance
Over the six months that ended on 5 October 2014 Capital Gearing managed to deliver growth in its net asset value of 1.2%. The Chairman says “A 1.2% return is not a cause for wild celebration; however in an environment of overinflated asset prices and significant macro-economic and capital markets risk any forward progress is to be welcomed”.
They are also expecting more volatility in markets, saying “after a prolonged period of rather benign market conditions, the deteriorating macro-economic backdrop is now beginning to increase the turbulence in financial markets”