UK Equity Income Bulletin

UK Equity
  • The month was characterised by far more aggressive rhetoric from central bankers around inflation and tightening monetary policy.
  • The Fund performed strongly, helped by rising bond yields and the equity market rotation but also due to the strong operational performance of our holdings. 
  • Rising interest rate expectations are clearly positive for some sectors, particularly banks and insurance and we think the re-rating of these parts of the market is in its infancy.

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