No Time to Panic?
The war in Iran has led to significant disruptions in financial markets and affected client portfolios to varying degrees. Most equity markets recorded declines of 5–8% in March and, at the time of writing, have pushed year-to-date performance into negative territory. Other asset classes have also been affected, and with the economic consequences still uncertain, concerns about a deeper recession have emerged. So, what should clients do? In most cases, we believe the answer is: not much.
