It's not all about toilet roll

With the volatility in the equity markets creating opportunities (or losing money depending on your perspective), the near-term shape of the global economy is a subject for considerable debate.

With the volatility in the equity markets creating opportunities (or losing money depending on your perspective), the near-term shape of the global economy is a subject for considerable debate. Nationalise airlines? What about hotel chains? Travel never going to be like it has been. Consumerism rethinking? Near term recovery or long-term depression? Zero (or negative) interest rates across the board?

One thing is clear, in the past two months, goods have continued to flow across borders (even if people have not). The Baltic Dry Index is far less volatile than it was 12 months ago. Yes, panicked buying of toilet roll but that is rather ridiculous. What is clear is that food is not in short supply. Food Security? Absolutely. Grains, edible oils, agriculture? Still plentiful. Global trade needs funding and pricing has been relatively stable. From the suppliers we speak to on the ground, there are no issues moving bulk foodstuffs. The only issue is funding. Funding global trade continues to represent solid, short term investment opportunities.

Bedford Row Capital has worked with two programmes which offer outstanding short term, positive value. In human terms, funding global trade. In financial terms, positive yields which were fixed before the recent interest rate moves.

Short dated investments in times of long term uncertainty can create positive yields.

Certainty in an uncertain world