Inflation prints continued to decline over the quarter following the trend of the previous quarter. The YoY RPI rate at the end of March was 4.3%, while the CPI rate was 3.2%. Over the quarter the market lowered its expectation for the number of Bank of England base rate cuts in 2024. This is due to the receding probability of rates being cut by the US Federal reserve. However, we anticipate that UK rate cuts are still likely this year as inflation returns closer to target.
AlphaReal has been shortlisted for the 2025 Professional Pensions Awards in four categories.
AlphaReal, the specialist manager of secure income real assets, has acquired five solar energy projects across the UK.
Triple A Risk Finance, an independent consultancy firm specialising in risk management and actuarial science, has undertaken analysis of AlphaReal’s Commercial Ground Rents fund to see how it would work as part of a diversified portfolio for European institutional investors.
Nominal and real gilt yields have substantially increased over Q4 2024. The nominal curve has increased by an average of c50bps, and the real curve by an average c44bps.