Article last updated 30 September 2025.
“We think it’s prudent to discuss the possible escalation of a global trade war and any impact it might have on our portfolio. Recent volatile market movements highlighted just how sensitive the market has become to protectionist rhetoric, certainly in the short term. Our core position is that this is just another roar from the Trump blunderbuss and in the longer-term, concessions will have to be made.
As we have been positioned for slower global growth for some time, through the purchase of gold, Australian dollars, CTAs and gilts, we may add to these positions if the situation intensifies.”
For more information, please contact:
Madhu Kalia
Intermediary PR (UK/Europe)
Rathbone Unit Trust Management
020 7399 0256
07825 596302
madhu.kalia@rathbones.com
Sam Emery
Quill PR
020 7466 5056
sam@quillpr.com