The first half of the year has been marked by political shifts, market volatility and changing leadership across regions and sectors. US equities, once dominant, have lagged as Europe and Emerging Markets gained ground. Currency moves, especially a weaker US dollar, have drawn attention, but long-term fundamentals remain key.
In the latest Portfolio Watch, Victor Mupunga, Head of Research at Private Clients by Old Mutual Wealth, highlights how, in an environment of shifting market leadership and ongoing volatility, diversification and discipline remain essential to navigating uncertainty and capturing opportunities.