Liontrust MA Quarter In Review Q3-2022 15.11.22 (Spreads) - Flipbook - Page 10
‘Old economy’ UK equities suffer less than global counterparts
Despite a brief rally between July and August, equities suffered
their third successive quarter of negative returns, which is a
relatively rare event. UK equities suffered less than their global
counterparts though. Unloved by international investors, UK
equities – dominated by old economy financials, mining and
energy stocks – offer relatively good value and higher yields.
MSCI UK NR (GBP)
Investment growth 1 July to 30 September 2022
MSCI World Net Return (NR) (GBP)
16%
12%
8%
4%
0%
-2.9%
-4%
-8%
-4.4%
Jul-22
Aug-22
Sep-22
Source: Morningstar, 01.07.22 to 30.09.22. 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: Q3 2022
