Strong H1 for global equities despite 'gloomy outlook'

The report found the performance of global equities is to thank for the turnaround, which has come despite recession fears, increasing interest rates, a US bank crisis and the bailout of Credit Suisse. Global equities saw a 7.7% rise in the first half of 2023, although Morningstar said this included a "sizable contribution from a fairly narrow subset of mega-cap US technology stocks associated with the artificial intelligence theme" and would therefore be of less benefit to managers underweight to growth, the United States and/or technology. Calastone: Investors pull £662m from equiti...