23.10 Liontrust Views Autumn 2023 Literature (Single) - Flipbook - Page 15
Global high yield
bonds
Japanese stocks
UK stocks
Emerging market
bonds
European corporate
bonds
Emerging market
stocks
4.25%
2.42%
1.88%
1.66%
1.43%
1.25%
ICE Bank of
America ML Global
High Yield Bond
Index
TOPIX Index
FTSE All-Share Index
Bloomberg Emerging
Markets Hard
Currency Aggregate
Index*
Bloomberg Barclays
European Corporate
Bond Index
MSCI Emerging
Market Index
US corporate bonds
US stocks
UK corporate bonds
Global government
bonds
Asian (but not
Japanese) stocks
European (but not
UK) stocks
0.94%
0.75%
0.11%
-0.47%
-0.77%
-1.94%
Bloomberg Barclays
US Corporate Bond
Index
S&P 500
Composite Index
Bloomberg Barclays
Sterling Aggregate
Bond Index
FTSE G7 Index
MSCI
Pacific ex-Japan
Index
FTSE All World
Developed Europe
excluding UK Index
To highlight the unpredictability of markets,
the table below details the performance of
global equity and fixed income indices over
the past five years (in sterling terms).
This table demonstrates how volatile markets
can be, and shows the benefits of diversifying
your investment, or in other words, not putting
all your eggs in one basket.
1 Oct 2022 to
30 Sep 2023
1 Oct 2021 to
30 Sep 2022
1 Oct 2020 to
30 Sep 2021
1 Oct 2019 to
30 Sep 2020
1 Oct 2018 to
30 Sep 2019
US stocks
11.23
2.10
24.65
9.76
10.32
European (but not UK) stocks
19.94
-12.91
21.96
0.71
6.24
UK stocks
13.84
-4.00
27.90
-16.59
2.68
Japanese stocks
12.27
-15.80
13.26
-0.06
-2.82
Asian (but not Japanese) stocks
1.22
-1.83
20.75
-10.43
9.14
Emerging market stocks
2.58
-12.79
13.70
5.72
4.09
Global government bonds
-8.36
-5.06
-7.49
1.62
15.26
Global high yield bonds
3.10
-2.76
5.28
-0.96
11.94
US corporate bonds
-5.20
-1.59
-2.45
2.85
19.58
European corporate bonds
2.45
-13.36
-3.66
2.80
5.41
Emerging market bonds
-0.70
-7.01
-1.09
-0.53
15.42
UK corporate bonds
-0.31
-23.79
-5.26
3.66
12.96
Index percentage growth (%)
Past performance does not predict future returns. Rebased in sterling where appropriate, i.e. all index returns are recalculated based on
exchange rates to give returns for a sterling investor. *Index change from JP Morgan global Emerging Market Bond Index to Bloomberg
Emerging Markets Hard Currency Aggregate Index. Source: Morningstar Direct, 30 September 2023.
LIONTRUST VIEWS – AUTUMN
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