By Marc Gilbard
Whatever one may think of the strategy of President Trump’s aim to Make America Great Again and ‘re-shore industry’ to the US, there has been a significant negative reaction in financial markets to last week’s tariff announcement. Many are now warning of the potential for a global recession.
At Moorfield, we have pursued opportunities in real estate sectors supported by structural rather than cyclical demand drivers for some time now. Given the turmoil dating back to Brexit, COVID-19 and through the UK political chaos, this thematic focus on needs-driven real estate remains appropriate.
We are not panicked by daily events but instead looking through the volatility and confusion in the near term knowing that what we invest in through our funds will continue to be required regardless.
Meanwhile, we are encouraged by the current UK government’s focus on encouraging growth and investment. Even if there is more to be done, we feel the UK is re-establishing its status as a ‘safe haven’.