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Further to recent communications, the coronavirus crisis has escalated over recent weeks, to the point where we are all facing a potentially lengthy period of social and economic disruption.  Obviously the most important thing during this crisis is that people stay safe and that the human cost is limited as far as possible.  Nevertheless, the economic impact cannot be ignored, especially with the negative effect the crisis has had on the value of investment portfolios.

Please keep up to date with our Special Market Updates, detailing our latest views on the economic fallout and the anticipated impact this will have across global investment markets.  Our overriding message to clients remains unchanged, i.e. don’t panic.  We cannot rule out further falls in asset prices, but we are hopeful that the action being taken by Governments and Central Banks will stabilise markets over the coming weeks.  More importantly, with the powers that be indicating that they are prepared to do “whatever it takes” to protect the economy during the crisis, we believe that once the crisis comes to an end, markets are likely to recover strongly.

We wish to reassure all clients that Vintage will remain operational throughout the crisis and to that end, clients should not hesitate to contact us as required.  For the time being, we have decided not to hold face to face meetings, to protect clients as well as staff, but meetings can be conducted via video chat or by way of a phone call. In accordance with recent Government advice, we have also decided our staff will be working remotely until further notice. 

Our normal lines of communication are still open, so please do not hesitate to contact us should you have any questions or concerns about current events. Our office number is 01642 525050.

Unfortunately, we don’t know when the crisis will end or how quickly markets will bounce back, but based on previous episodes of severe economic uncertainty, we are confident that when we come out of the other side, investment values will recover.  We will continue to provide updates when deemed appropriate, but in the meantime, if you would like to talk about your portfolio or any other financial matter, please don’t hesitate to get in touch.

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This post was written by The Vintage Team