Offshore Fund Strategy

Graham Duce, managing director of Towry Law Investment, leads the argument for the US markets. Although his offshore clients are putting a fair proportion of their money into Eurozone investments, he says that it will be Wall Street and Nasdaq that make all the running this year, and that’s where he’s pointing them right now.

“The dollar is still king,” he says, “and it will lead the developed-country markets to a much better finish by the end of this year.” He’s particularly encouraged by the recent productivity figures in the US, which seem to show that output is still growing strongly without incurring the inflationary pressures that used to accompany it. The New Economy, in short, is alive and kicking as far as his clients are concerned.

Offshore Fund Strategy & The US Election

Jeremy Leach, group managing director at Equity International, agrees the US dollar is still hanging onto its traditional role as “the principal currency of thought” - the one that hangs at the back of everyone’s minds, especially whenever things start to look difficult. Leach adds that American stocks and funds can also offer substantially lower dealing costs than their European counterparts.