Views & News

Under the Bonnet

| UK Equities
Tom Matthews
15 Mar 2021
  • World equity markets moved higher in February with the MSCI World total return index hitting a new all-time high in both US dollar and sterling terms.
  • Growing investor confidence in the global recovery pushed inflation expectations higher leading to a sharp rise in global bond yields.
  • This was the Fund’s best February since inception and, pleasingly, performance was driven almost entirely by stock selection with major announcements from some of the Fund’s highest conviction positions.

Disclaimer

For professional investors only. 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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