Integrated Actuarial and Investment Solutions
River and Mercantile Solutions is a leading institutional investment and actuarial advisor and OCIO provider. We are dedicated to providing our clients with the understanding and tools to successfully meet the investment goals of their institution. River and Mercantile Solutions is a division of River and Mercantile Group PLC, which is publicly traded on the London Stock Exchange (Ticker: RIV).
Markets have largely shrugged off news of renewed virus outbreaks in much of the US and the continuation of large, seemingly uncontrolled outbreaks in many significant emerging market countries such as Brazil, India and Mexico. In the US, markets seem to be in a “heads I win, tails you lose” frame of mind with respect to renewed outbreaks…
Against a backdrop of weak credit conditions, expensive valuations and volatile economic expectations, we remain in the Downturn phase. As some countries begin to re-open there are early signs of economic improvements and the overwhelming policy response cannot be overlooked. The situation remains fragile as demonstrated by a recent surge in US cases. We continue to advocate exposure to high quality assets, as well as areas of the market supported by policy.
Long-term corporate bond yields continued their downward trend in June and are now down approximately 0.50% in 2020. Growing optimism over easing lockdown restrictions and early economic recovery signs pushed both U.S. and international stock prices higher, with emerging markets performing especially well.