Please see the table above for full details.
- A negative month for the UK stock market as inflation fell
by less than expected from the recent peak & Gilt yield
rose back towards levels last seen when Liz Truss was PM.
- Compound Income Portfolio saw negative returns too,slightly
worse than the market with Sylvania Platinum, Burberry & S
Three being the 3 largest negatives.
- Retuns behind the FTSE All Share YTD & 1 to 3 years, but
ahead still ahead over 5 & 8 years+ since inception as
large caps have outperformed & Smaller Co.s suffered.
Please see the Fact Sheet below for:
Summary & Conclusion
- Top 10 Holdings
- Top & bottom 3 contributors
- Last months transactions
- Sector exposures
- A poor May as inflation and related interest rate worries
took hold again with the UK equity market -4.6% total return
& -5.5% for the Compound Income Scores Portfolio.
- Equity investors & bond investors seem to be assuming
that rates will be falling by year end, but Central Banks
continue to raise rates for now.
- This comes on the back of Us debt ceiling worries and
declining inflation, although some signs suggest inflation may
be more stubborn so rates could stay higher for longer.