Issue - meetings
Economic and Market Update
Meeting: 27/09/2016 - Clwyd Pension Fund Committee (Item 32)
32 Economic and Market Update 
PDF 87 KB
To provide Committee Members with an economic
and market update.
Additional documents:
Decision:
That the report be noted, including how it sets the scene for the Investment
Strategy and Manager Summary report.
Minutes:
Kieran Harkin, Fund Investment Consultant – JLT Group, presented the report to provide an economic and market update for the period ending 30 June 2016 highlighting that, despite on-going volatility in markets, assets have increased in value post the Brexit position.
Mr Harkin reported on market performance and volatility and referred to the key issues which were highlighted in the report concerning lower economic growth than forecast, the slowdown in China, and the continued slump in the price of oil. He advised that despite the uncertain outlook markets had rallied strongly over the quarter with good returns across many Growth assets. Returns from UK Government Bonds had been negative during the quarter due to a rise in yields.
RESOLVED:
That the report be noted, including how it sets the scene for the Investment
Strategy and Manager Summary report.