In the wake of a number of challenges to the UK stock market in recent years, Merchants’ Portfolio Manager Simon Gergel looks at how those challenges and headwinds look to be falling away and what that may mean for markets, particularly if one of the more recent headwinds, higher interest rates, do indeed start to fall.
There have been many reasons over recent years for investors to be ‘out of love’ with the UK; Brexit, political uncertainty, pandemic, Ukraine, Trussonomics and the perception of worse inflation & economic performance for the UK to name a handful. But, has the depressed sentiment been overdone? In this podcast the team discuss that with many of these factors firmly in the rear-view mirror, and with interest rates potentially close to their peak and UK economic growth recently being revised upwards, could the glass actually be half-full, rather than the pessimistic alternative?
The Merchants Trust PLC has, for many years, focused on a simple proposition: to deliver a high and rising income together with capital growth, through a policy of investing mainly in higher-yielding large UK companies. We measure our success in attaining this objective by comparing the performance of the portfolio against the performance of the FTSE All-Share Index.
New to The Merchants Trust?
Watch Portfolio Manager Simon Gergel in this 2 minute video for a brief intro to Merchants, and then click below to read more.
Established in 1889, The Merchants Trust PLC has successfully navigated a variety of market conditions, economic cycles and even world wars. The Trust has demonstrated the benefit of active management over time and its aims today are remarkably similar to when it started: to provide its shareholders with an above-average level of income which increases over time.
Click here for detailed information about the Trust’s portfolio and its past performance, including the most recent month-end commentary. Please remember that past performance is not a reliable indicator of future returns.