According to reports, investors have withdrawn 3% of their equity investments so far this year, which is twice the amount withdrawn at the height of the 2008 financial crisis.  When negative sentiment is abundant and investment risks are at large,  the temptation is to cut and run for the shelter of ‘safer’ assets. But by the time these risks hit the headlines, markets have already adjusted, and to make significant investment changes only serves to lock in losses rather than avoid them.

An impeachment enquiry has formally begun in the US, with President Trump accused of seeking foreign help to smear the reputation of Democratic candidate Joe Biden. The controversy revolves around a phone call whereby Trump is heard trying to convince Ukrainian president Volodymyr Zelensky to investigate claims of corruption involving Joe Biden’s son.