Courtiers Wealth Management
Courtiers Wealth Management

News & Insights

Politics, China, and exciting bargains


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With the party conference season in full swing and talk of the next general election in the air, CIO Gary Reynolds, says that whichever party comes to power won’t detract Courtiers from its approach to investment and stock selection.

We try to base the decisions we make on what the consumer wants, which companies are building for the future and are likely to continue to do it well, and which of those stocks are cheap enough to put in the portfolio.” As far as he’s concerned, he doesn’t think that politics “makes a bit of a difference when we’re doing our job.

Gary says finding value in the market “is not too difficult right now” and highlights infrastructure funds and house builders as particularly exciting. If the economy starts to pick up he says house builders “should do well”, while high interest rates means “you’re paying for infrastructure at a discount to the accounting value.

With China in the news and economic growth there floundering, and the average American “significantly better off than the average person in China”, Gary explains why Courtiers currently holds only two Chinese stocks.

While we’re probably through the worst with inflation, Gary says he thinks interest rates have capped and should probably come down. “Certainly, in the UK and Europe, any more hiking interest rates now would be a big mistake.

Finally, Gary previews December’s Client Seminar, and explains why he’s an advocate of Warren Buffett’s adage, which is that the best period to hold a stock is for ever.

Important information

Issued by Courtiers Asset Management Limited, CAM0423837. Courtiers Asset Management Limited is Authorised and Regulated by the Financial Conduct Authority – Register No: 616322. Address: 18 Hart Street, Henley on Thames, Oxfordshire RG9 2AU. Tel: 01491 578368.

Past performance is not a reliable indicator of future returns. The value of investments, and the income from them, can go down as well as up and is not guaranteed and you may not get back the amount originally invested. Any forecast, projection or target where provided is indicate only and is not guaranteed in any way. Certain types of funds might carry a greater investment risk than other investment funds. Further details of the risks are associated with investing in Courtiers funds can be found in the Key Investor Information Document or Prospectus, copies of which are available on request or at


This communication is for information purposes only and should not be relied upon in making an investment decision. The views expressed by individuals and the business are based on market conditions at the date of issue and are subject to change without notice. The mention of any stocks or shares should not be taken as recommendation to deal and does not take into account the individual investor’s investment objective or risk profile. Where an investment or security is denominated in a different currency to the investor’s currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. Any third party sites, or pages which are linked to the document, have not been reviewed by us and therefore we accept no responsibility for the authors or content of external link or pages. If you are

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