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CHAIRMAN’S LETTER
02
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THE INVESTOR
■
D
AVID
L
AMB
Chairman, Investment Committee, St. James’s Place Wealth Management
ith Britain voting to leave the European
Union in June, we have dedicated a
series of articles to the developing
situation. We look at the implications
this will have for the country and for
investors, and consider how the exit
process is likely to unfold in the months ahead. Of course, with things
moving so quickly on the political front, anything we include now
will almost certainly be out of date by the time you get to read it, but
these are signi cant events and so it is right we try to bring you the
views of some of our fund managers and other commentators. I found
it reassuring to read the views of Neil Woodford and Stuart Mitchell
and hope you nd their insight helpful. Further updates in the coming
weeks will be available from your St. James’s Place Partner.
Continuing on the political theme, our Analysis feature compares
and contrasts the regularly changing leadership of the United States
with the enforced long-term political stability of China. With the
US set to elect its 45th president in November, not all of the elected
candidate’s policies will become law. By contrast, the Communist
Party of China plans decades ahead, setting out detailed ve-year
strategies, yet this is not necessarily enough to translate into action.
I hope all of the articles will be of interest to you; do let me know if
there is a subject you would like to see featured in a future edition.
FOR FURTHER INFORMATION ON ANY OF THE ARTICLES IN THIS ISSUE OF
THE INVESTOR
, PLEASE CONTACT YOUR ST. JAMES’S PLACE PARTNER
W