Investment accounts

Authorised and regulated by the UK’s FCA to provide investment accounts, we are bound by CASS rules to segregate and protect client assets.

June 2019 investment update

Welcome to our revised Monthly Investment Update in which we pull back the curtain on some of the decisions that we made last month, the rationale behind them, and how they translated into our Dolfin custodied global multi-asset portfolios.

Networking and innovation: Highlights from FinanceMalta 2019

Ramon Bondin, CEO of Dolfin Asset Services (Malta), shares his thoughts on this year’s FinanceMalta conference.

Dolfin launches international payment card and app

Dolfin has launched Dolfin Mastercard, a multi- currency payment card available exclusively to the firm’s private clients.

June 2017 investment update

Our investment outlook for June is now available. It contains an overview of our views on various asset classes, macroeconomic analysis for the US, UK and the Eurozone, as well as a range of high conviction investment ideas in equities and fixed income.

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7 June 2017 / Monthly investment updates
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From a macroeconomic perspective:

The US: June rate hike on the cards
After a soft patch in Q1, recent data prints are pointing to acceleration in growth in the second quarter. We expect the FOMC to hike rates at the next meeting in June, and we are looking for more clarity on the Fed’s balance sheet run off. Any announcement on balance sheet reduction would put upward pressure on yields, reinforcing our negative take on US fixed income.

The UK: A ray of sunshine
Recent data draws a slightly more positive picture of the UK economy with a bounce in retail sales and improvement in forward-looking indicators across sectors. Meanwhile, the BoE continues to look through rising inflation and we expect it to remain in stand-by mode for the remainder of the year. Should we see a favourable election outcome and improving economic conditions, we would expect the BoE to alter its stance and prompt a move higher in the currency and move lower in the gilt markets.

The Eurozone: Changing forward guidance
The Euro area shows broad-based recovery across countries and data is indicating positive momentum going into the second quarter. The minutes of the ECB’s April meeting display an increased likelihood in a change in forward guidance, consistent with our expectation for mentions of downside risks to growth to be removed from the Draghi’s introductory statement in June. With yields at all-time lows, we see limited upside to prices and would expect government bonds to come under pressure.

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Founded as a London-based wealth boutique in 2013, today we’re a diversified financial services firm with an international presence and our own bespoke technology platform.

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