by Scott Ronalds

We've had nine years now of good returns. But interest rates are rising, trade tensions are brewing, and there's a complacency around risk. While we're still finding some interesting opportunities, our focus at this stage in the cycle is on preserving capital and waiting for bargains to reappear.

In our mid-year review, Tom and Salman recap how we’ve done, take you through the forces that are impacting your portfolio, and look at how we’re currently positioned.

Watch the 11-minute video here.