UK Equity Income Bulletin

The coronavirus outbreak and downbeat commentary from Bank of England officials made for a challenging month for UK equity markets. 

  • James Lowen
  • Clive Beagles
03 Feb 2020
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View PDF   Download PDF  
  • For much of the month, the UK equity market was driven by negative sentiment surrounding the coronavirus outbreak and the downbeat commentary on the UK economy by Bank of England officials.
  • The market mix was therefore very ‘risk off’ in nature, with defensives performing strongly and cyclicals, banks and commodity sectors sluggish.
  • We have made a number of new additions in recent months: SSE, WPP, Legal & General and Page Group and we continued to add to all four during January.


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.

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