Working in conjunction with our investment research partners, Square Mile, they have prepared this quarterly investment market commentary.

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If you would like to discuss this further, please do not hesitate to get in touch with a member of our Wealth team.

Johnston Carmichael Wealth Limited is authorised and regulated by the Financial Conduct Authority.

This newsletter is intended to provide a general review of certain topics and its purpose is to inform but NOT to recommend or support any specific investment or course of action.

Figures refer to the past and past performance is not a reliable indicator of future results. You may not get back the full amount of your investment.