Uncommon truths - Climate change revisited
A range of emission and temperature change scenarios are examined. It is clear that technology will be key in mitigating change. However, we think large-scale adaptation could benefit infrastructure, engineering, housing and materials sectors.
The last two years have been dominated by Covid-19. Its persistence in countries such as Israel, the UK and the US suggests the vaccine optimism of earlier this year may have been overstated. This, along with the imminence of Fed tapering appears to have taken the froth out of risk assets.
However, what may turn out to be a more destructive force has been baring its teeth without causing market angst. Climate change has variously revealed itself this year through the heat dome in Canada and the US, floods in China and Europe and wildfires from North America, through Southern Europe to Siberia.
Investment risks
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The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
Important information
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Data as of 20.08.2021 unless stated otherwise.
This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.
Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals, they are subject to change without notice and are not to be construed as investment advice.
