Please find below our Investment Market Update as at 25th August 2023.
Welcome to this week’s Commentary which is focused mainly on the UK but from an investment perspective. It’s important to note that the UK now only makes up circa 4% of the MSCI World Index – the MSCI World Index being an international equity index which tracks stocks from 23 developed countries. With 1,512 constituents (as of 31/07/23), the index covers approximately 85% of the market capitalisation in each country.
Here is this week’s agenda:
- You think we’ve got it tough!
- Lessons from the past
- Gilt yields continue to rise
- Why are gilt yields important?
- UK home sellers cut asking prices
- Good news… UK growth outlook deteriorates!
- Consumer confidence improves
- Equity markets pause for breath
You think we’ve got it tough!
The number one concern which is dictating the mood of the nation is inflation. This is having an economic and emotional impact on many sectors of society with the only real winners being those with substantial money on deposit.
We are coming to the end of the cycle, but it’s been a long time coming!
Whilst most of us are experiencing a degree of pain, it’s worth stepping back and reflecting on the bigger picture to consider how we would feel if inflation was significantly higher. Take a guess as to the country with the highest level of inflation in the world?
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Please Note: This communication should not be read as giving specific advice regarding your personal circumstances. This would only be given following detailed assessment of your individual needs. The value of investments may fall as well as rise; you may get back less than invested. Past performance is not necessarily a guide to future returns.