Safe Haven Assets: Doing What They Were Built to Do

A Q3 2026 performance snapshot, 30 June to 25 September 2026

Yesterday's report, Applets, set out why the world is getting riskier. This note is the proof point. Since 30 June, the Quantum Strategy safe haven allocation has done exactly what it was built to do. Ten of its eleven positions are higher: Brent crude is up 46%, European gas 66%, Asian LNG 69%, wheat 17% and gold 6%. As a result, David Roche is raising the Safe Haven Allocation to 20% to 30% of portfolios and adding corn, sunflower oil and soya to the agricultural sleeve. As David puts it, safe havens are no longer just there to offset losses; they are there to make money.