July Market Digest 2023

July brought positive returns for all asset classes, especially equities, as investor optimism grew due to falling inflation.

• Model portfolios generated positive performance, benefitting from their broad set of market exposures.
• Corporate bonds (i.e. debt issued by companies) outperformed government debt, but both rose in value following a lowering in UK interest rate expectations as inflation fell to 7.9%.
• Central banks in the US and eurozone increased interest rates by 0.25%, while the Bank of England followed in the same vein just after the month end.

For more details, please download our full July Market digest below!

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