Monthly Update 31/05/2023
Monthly Update31 May 2023 The Fund fell by 1.48% in May, whilst its performance comparator of cash (as measured by the Bank of England’s Sterling Overnight Index Average (“SONIA”)) + 5% rose 0.83%. It remains positive for the year to date at 1.55%. (Source of all figures: FE Analytics) After a fairly flat start to […]
Monthly Update 31/05/2023
Monthly Update31 May 2023 The Fund posted a return of -0.94% for May, marginally underperforming the sector average return of -0.60%. Main equity markets returned a mixed performance in May. One of the strongest performers was the Japanese market. Here there was a positive response to news that there was unlikely to be any change […]
Ear to the Ground
The good, the bad, but hopefully not the ugly. The UK had news this week which quite nicely fits into all three categories.
Ear to the Ground
Economic data has been thinner on the ground over the last week. That which we have seen, however, appears to suggest that a US recession remains on the horizon.
Ear to the Ground
We start with the UK this week where, as expected, the Bank of England hiked rates by a further 0.25% to 4.5%. This was the 12th consecutive rise, with there again being split opinion, with 7 voting in favour of the hike whilst 2 voted in favour of no change.
Ear to the Ground
It was more about economic growth rather than inflation when it came to data released and there were a few surprises. In the US we saw the release of the first estimate for first quarter GDP.
Monthly Update 30/04/2023
Monthly Update30 April 2023 The Fund rose by 1.04% in April, ahead of its performance comparator of cash (as measured by the Bank of England’s Sterling Overnight Index Average (“SONIA”)) + 5% which rose 0.69%. It is also positive for the year to date at 3.08%, compared to 2.86% for the comparator.(Source of all figures: […]
Monthly Update 30/04/2023
Monthly Update30 April 2023 The Fund posted a return of -0.59% for April, underperforming the sector average return of 0.45%. Main equity markets were in positive territory for the month, led by the UK. Within the UK market it was large-cap stocks which were the strongest performers, with investors taking a less sanguine view of […]
Ear to the Ground
It was more about economic growth rather than inflation when it came to data released and there were a few surprises. In the US we saw the release of the first estimate for first quarter GDP.
Ear to the Ground
Further interest rate hikes were back on the cards in the UK after stronger than expected UK inflation data. Firstly we had average earnings figures where, excluding bonuses, we saw a 6.6% increase, year on year.
