Bliston Asset Management’s advisors have recently been giving advice to its clients, who have thought about adjusting to their portfolios due to the recent insecurity in the markets.
Bliston Asset Management’s senior analyst said “we are advising our clients to adjust their portfolios to take advantage of the current situations cheaper stocks; we are in a situation where we have a volatile market which creates opportunity, not risk.” Bliston says that they fear that energy and commodity prices, along with global interest rates and currency will be buffeted for a little while yet and advise staying clear of these particular markets however.
The current turmoil followed on from an unusual cycle earlier in the year, where equities delivered robust advances without much volatility. Bliston do not see this as a long term dip that will send the global economy into recession but a market reset that has been predicted by many for some time, there may well be more corrections over the coming months.
Bliston see the value in worldwide companies that are fundamentally strong, these companies are more likely to outperform lower quality companies due to their higher quality fundamentals. Looking at emerging markets and strategy of a widely diversified portfolio at today’s market prices represents a good opportunity to profit from the current downturn. Bliston recommends avoiding energy, tech stock and mining companies and advises its clients individually based on their risk to reward strategies.