The appreciation in “growth asset” prices over the past couple of years has handsomely rewarded investors who have taken on risk in their portfolios, with returns well in excess of long-term average annual returns.

This run has also recently extended to gold and cryptocurrency assets as investors fear missing out. However, the recent price corrections across the majority of these assets are now causing some investors to reassess their risk positions and contemplate a tactical move to cash until “things settle down”.