23.08 Liontrust MA Quarter In Review Q2 Literature (Single) - Flipbook - Page 10
UK equities finish negative, outstripped by global counterparts
UK equities slipped into negative territory in Q2 as their global
counterparts performed strongly in GBP terms. Skewed towards energy
and value, the UK stock market lagged as US technology stocks led
global markets higher. Inflation continues to be particularly challenging
for the UK, however, and two hikes by the Bank of England, including a
50-basis-point rise in June that signified a re-acceleration, added to the
downward pressure, especially on domestically-focused stocks.
Investment growth 1 April to 30 June 2023
6%
MSCI UK NR (GBP)
MSCI World NR (USD)
4%
3.9%
2%
0%
-0.6%
-2%
-4%
Apr-23
May-23
Jun-23
Source: Morningstar, 01.04.23 to 30.06.23. Past performance is not a guide to future performance. The value of an investment and the
income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested.
10 - Liontrust Multi-Asset Funds and Portfolios Quarterly Report: Q2 2023
