Stock market

Q1 2021 – market, economic and AJ Bell Funds update

1 year ago

AJ Bell Investments Fund Manager Terry McGivern runs through the events affecting global markets during the first quarter of 2021 and discusses the impact on the AJ Bell Funds range. The second half of 2020 saw the appetite for riskier assets increase, and this has continued into 2021 Q1, against a backdrop of a largely successful vaccine rollout and hopes of a strong economic recovery. It is perhaps no surprise, therefore, to see stocks outperforming bonds over the quarter.

Terry also notes that notable changes were made to underlying asset classes and holdings following our annual review of our positioning in February, as 2020 is firmly in the rear-view mirror and the Investments Team looks ahead at how the effects of COVID-19 and lockdown could shake out. As always, the team remains vigilant and ready to act in response to future changes.

Despite market turbulence, interest in ESG investing reached record highs last year, and our offering has expanded to meet this growing demand: Terry will be introducing our recently-launched AJ Bell Responsible Fund, designed for investors who care about people and the planet, but still aim to make a profit.


Profile Picture
Terry McGivern

Terry McGivern

Job Title
Senior Research Analyst

Terry’s career in financial services began in 2005 on the Settlements Team at a major bank. He later moved to an investment management company and then to a leading provider of financial services. In 2010, he took up a proprietary futures trading role at one of the world’s largest independent global commodities brokers. Prior to joining AJ Bell, Terry spent five years on the Investment Management Team at a discretionary investment manager in Liverpool, where he was also a member of the Asset Allocation Committee. Terry holds the CFA-UK Investment Management Certificate (IMC) and is currently studying towards the CFA Level 2 exam.

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