UK Equity Income Bulletin

In a month where markets sold off sharply, Clive and James provide their usual portfolio review and their thoughts on the coronavirus.

  • James Lowen
  • Clive Beagles
02 Mar 2020
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View PDF   Download PDF  
  • Markets fell sharply towards the end of the month on coronavirus-led fears, with the US 10-year Treasury yield hitting a new low.
  • The downward move in bond yields highlights an extreme ‘risk off’ sentiment which boosted defensive stocks while cyclicals, banks and the commodity sectors fell, providing a headwind to Fund performance. 
  • Whilst the coronavirus will cause a soft patch economically - it should be finite and we are still likely to see some form of globally co-ordinated response which will include a combination of monetary easing, liquidity provision and fiscal stimulus.


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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