April Market Digest 2023

Investment Manager, Jack Richards, gives an update on the financial markets for April 2023.

• Asset class returns were mostly flat over the month, with some exceptions.
• UK equities outperformed Global equities, due to large exposure in the energy and financials sectors which performed well.
• Corporate bonds outperformed government debt, which fell in value after interest rate expectations increased.
• UK CPI inflation fell by less than expected from 10.4% to 10.1% in March. Despite a large drop predicted in the April data, the Bank of England is still expected to raise interest rates again in May.

Download the full market digest here.