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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.
An update from the JOHCM UK Equity Income team in a positive month for the Fund, despite the macro headwinds.
June was an odd month with bond yields under pressure before and after the FOMC meeting despite positive economic data and company commentary.
Continued strong economic prints, rising commodity prices, increased inflationary expectations and steepening yield curves were all features in May.
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