- 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.
UK Equity Income Bulletin
UK Equity