Once we exit this period of economic acceleration and recovery, companies operating in disrupted and low growth industries will struggle to support rising share prices further. It still feels too soon to call the end of the value/growth rotation, as bond yields could yet move higher. But there is some light at the end of the valuation tunnel.
The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested.
Find out more about our range of sustainable funds at rlam.co.uk/sustainable
For professional clients only, not suitable for retail clients. This is a financial promotion and is not investment advice.
The views expressed are those of RLAM at the date of publication unless otherwise indicated, which are subject to change, and are not investment advice.
Portfolio holdings are subject to change, for information only and are not investment recommendations.
Issued in July 2021 by Royal London Asset Management Limited, 55 Gracechurch Street, London, EC3V 0RL. Authorised and regulated by the Financial Conduct Authority, firm reference number 141665. A subsidiary of The Royal London Mutual Insurance Society Limited.