Private client portfolios with a strong risk appetite have reaped the rewards so far in 2019, with the riskiest band gaining 15.69 percent in value.

However in Q3 so far, these portfolios have actually decreased slightly (-0.14 percent).

ARC Research’s Private Client Indices estimates for September and Q3 2019 uses performance data supplied by discretionary private client investment managers, split into four risk profiles relative to equity markets: cautious, balanced asset, steady growth and equity risk.

At the other end of the spectrum, cautious Sterling dominated portfolios have also performed well, incre...