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Is now the time to buy UK stocks?
Job Curtis, Portfolio Manager of The City of London Investment Trust, looks back at 2022 and shares his insights on inflation, the cost-of-living crisis, and UK stock market valuations. Job also touches on the dividend outlook for 2023 and the key risks investors should be mindful off.
25 Jan 2023
1 minute listen
1 minute listen
Key takeaways:
- 2022 was a challenging year for global equity markets. However, the UK held up relatively well, supported by the strong performance from oil and mining companies and defensive sectors such as health care and consumer staples.
- Though most of the bad news is already priced into equity markets, risks including the war in Ukraine, China’s reopening, elevated inflation, and central banks potentially overtightening will continue to dominate sentiment in 2023.
- UK dividends is forecast to rise by low single digits, with oil, mining and banking companies well placed for dividend growth. However, companies operating within retail and travel and leisure might struggle as consumers tighten their belts.
Catch up on previous episodes of Trust Radio
Related insights
25 Jan 2023
1 minute listen
1 minute listen
Key takeaways:
- 2022 was a challenging year for global equity markets. However, the UK held up relatively well, supported by the strong performance from oil and mining companies and defensive sectors such as health care and consumer staples.
- Though most of the bad news is already priced into equity markets, risks including the war in Ukraine, China’s reopening, elevated inflation, and central banks potentially overtightening will continue to dominate sentiment in 2023.
- UK dividends is forecast to rise by low single digits, with oil, mining and banking companies well placed for dividend growth. However, companies operating within retail and travel and leisure might struggle as consumers tighten their belts.