Beleaguered UK equity markets still face uphill Brexit battle

Sector has been hit hard by Covid-19

Mike Sheen
clock • 2 min read

Taking a brief look at global equity markets, particularly those in the US, there is little evidence the world is still in the grips of a pandemic and staring down the barrel of the deepest recession in recent history.

Since mid-March lows, equity markets have for the most part soared, having been buoyed by unprecedented fiscal and monetary spending by governments and central banks around the world in an effort to prevent economic collapse. The rally has been particularly noticeable in tech stocks, with the US Nasdaq 100 returning nearly 20% year to date. However, evidence suggests retail investors now appear to think the rally cannot be sustained, having withdrawn capital from equity funds in large volumes in June after one of the best quarters in at least a decade for equity markets. Income huntin...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the Week: Fed holds interest rate steady; Tories reject capital gains tax hike; UK economic growth flatlines

Stories of the Week: Fed holds interest rate steady; Tories reject capital gains tax hike; UK economic growth flatlines

Fed; Conservative manifesto; UK economy: The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 14 June 2024 • 1 min read
M&G's Fedeli: Taking on the CIO role, 'the big industry disruptor' and global opportunities

M&G's Fedeli: Taking on the CIO role, 'the big industry disruptor' and global opportunities

Expanding areas of knowledge

Katrina Lloyd
clock 13 June 2024 • 9 min read
BNY Mellon undergoes name change amid extensive rebrand

BNY Mellon undergoes name change amid extensive rebrand

Shortened name across subsidiaries

clock 12 June 2024 • 1 min read
Trustpilot