You can’t control the wind… but you can adjust your sails. Q1 2026 delivered exactly that kind of market.

Markets rebound; inflation temporary; opportunities remain across assets.

March’s volatility, driven by geopolitical tensions, has created more attractive entry points across equity markets while reinforcing the value of diversification. Inflation remains broadly contained despite short-term oil price pressures, and both bonds and offshore assets have provided resilience and flexibility. Overall, the environment continues to favour a disciplined, long-term approach, with opportunities emerging from the recent market dislocation.

Gold prices have surged in recent years, but a closer look at ETF flows suggests that investor demand tends to arrive only after the rally is already well underway. This leads to investors chasing past performance rather than assessing investments based on the role they play in a portfolio.