Both our existing clients and prospective new clients will be acutely aware of the global disruption being caused by Coronavirus both in terms of the world’s economies and to our ordinary way of life. AMR’s directors and staff are continuously monitoring and considering the position in order that we can react appropriately as the impact of the virus develops. For the time being, we are restricting face-to-face client meetings to those that are essential and/or urgent so as to reduce the chances of our advisers either contracting the virus themselves or spreading it to others. Telephone conversations, email or discussions via one of the web-based conferencing systems can, of course, take place without restriction.

Investors will appreciate that during 2020 markets have been volatile at times and some holdings have fallen in value significantly. However, other holdings have performed well as people’s spending patterns have changed. We expect volatility to continue to be a feature of investment markets during this period of uncertainty but investors should take some reassurance from the unprecedented support measures being taken by the central banks and governments of the world’s major economies. Because of these, we believe that over the medium-term, as life returns to something closer to normal, investment markets will improve from their current levels.