24.01 Liontrust Views Winter 2024 - Flipbook - Page 15
UK corporate bonds
European (but not
UK) stocks
US stocks
Asian (but not
Japanese) stocks
European corporate
bonds
US corporate bonds
8.24%
7.88%
6.94%
6.68%
5.41%
3.89%
Bloomberg Barclays
Sterling Aggregate
Bond Index
FTSE All World
Developed Europe
excluding UK Index
S&P 500
Composite Index
MSCI
Pacific ex-Japan
Index
Bloomberg Barclays
European Corporate
Bond Index
Bloomberg Barclays
US Corporate Bond
Index
Emerging market
bonds
Emerging market
stocks
Global government
bonds
UK stocks
Japanese stocks
Global high yield
bonds
3.86%
3.34%
3.24%
3.23%
3.22%
3.05%
Bloomberg Emerging
Markets Hard
Currency Aggregate
Index
MSCI Emerging
Market Index
FTSE G7 Index
FTSE All-Share Index
TOPIX Index
ICE Bank of
America ML Global
High Yield Bond
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 Jan 2023 to
31 Dec 2023
1 Jan 2022 to
31 Dec 2022
1 Jan 2021 to
31 Dec 2021
1 Jan 2020 to
31 Dec 2020
1 Jan 2019 to
31 Dec 2019
US stocks
19.17
-7.79
29.89
14.74
26.41
European (but not UK) stocks
15.85
-7.49
17.57
8.85
20.50
7.92
0.34
18.32
-9.82
19.17
10.47
-6.69
-0.11
6.95
11.82
Asian (but not Japanese) stocks
0.53
6.00
5.75
3.36
13.92
Emerging market stocks
4.05
-9.62
-1.32
15.02
14.31
Global government bonds
-1.39
-7.63
-5.56
6.19
1.76
Global high yield bonds
7.01
-2.30
2.30
4.70
9.34
US corporate bonds
2.40
-5.15
-0.13
6.50
10.11
European corporate bonds
5.66
-8.75
-7.11
8.57
0.29
Emerging market bonds
3.45
-6.10
-1.67
3.80
7.80
UK corporate bonds
4.96
-23.15
-4.68
8.36
7.82
Index percentage growth (%)
UK stocks
Japanese stocks
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, 31 December 2023.
LIONTRUST VIEWS – WINTER
15
