Diversified Opportunities Fund - August Update

Press release -

The Fund appreciated by 0.63% up until the 24th August, taking the NAV up to another new all-time high of £1.4741.

Fund Update

The Fund appreciated by 0.63% up until the 24th August, taking the NAV up to another new all-time high of £1.4741.

UK equity markets fell during August, with the MSCI Index posting a return of -0.86%. The decline was caused mainly by continued trade tensions and speculation of their impact on sectors such as mining. Sterling ended the month weaker against the US dollar, despite a notable rally into month end, which was driven by dollar weakness and improved Brexit headlines.  Comments from the Bank of England on the “uncomfortably high” prospect of a ‘no deal’ saw sterling fall to a 13-month low against the US dollar, before strengthening on supportive comments from the EU’s Chief Negotiator Michel Barnier, on the likelihood of a post-Brexit partnership. Within the Fund, GVQ UK Focus (+1.50%) and Liontrust Special Situations (+0.79%) were notable performers in a tough month for UK stocks.

For the full update please click here​ (PDF 124 KB)

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