Investment Commentary June 2020

Following the pandemic-induced contractions in economic activity over the past few months, recent steps to reopen economies have resulted in a rebound in economic data across the major developed markets.

In the US, the most prominent example of this was seen in the labour market where 2.5 million people were hired in May.

That marked the biggest gain in nonfarm payrolls on record. The job gains resulted in a drop in the headline unemployment rate to 13.3% from 14.7% in April.

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The value of your investment can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Prevailing tax rates and relief are dependent on individual circumstances and are subject to change.