UK Equity Income Bulletin
An update from the JOHCM UK Equity Income team in a positive month for the Fund, despite the macro headwinds.
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James Lowen
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Clive Beagles
- Bond yields were under severe pressure for most of July, which meant the pause in the rotation towards areas of the market where the Fund has higher exposure continued.
- Despite this, the Fund outperformed due to very positive developments, news flow and results from our portfolio companies.
- The confluence of a very strong economic recovery, low valuations and forecasts that are materially too low should bode well for the Fund’s absolute and relative performance.
Disclaimer
For professional investors only. This is a marketing communication. Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile. Information on the rights of investors can be found here.
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