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UK Equity Income Bulletin

The JOHCM UK Equity Income team discuss the macro and the micro, from global economics to new portfolio additions.

  • James Lowen
  • Clive Beagles
04 Jan 2022
View PDF   Download PDF  
View PDF   Download PDF  
  • Stock markets rallied in December as investors became more confident that the Omicron variant was less dangerous in terms of hospitalisation rates and as such bond yields began to rise once again.
  • Central banks began tightening policy with the Fed significantly accelerating the pace of tapering while the Bank of England raised the bank rate by 15 basis points.
  • Whilst tightening monetary policy and rising bond yields are likely to provide a headwind for highly valued growth stocks and perceived compounders, we strongly believe our portfolio is poised to benefit from these conditions with its exposure to financials, commodities and very moderately valued stocks across a diverse range of industries.

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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