August 2022 global markets positioning

Developed market equities resumed their declines in August as it became clear that further substantial interest rate rises may be needed to tame inflation. Emerging market shares posted a modest gain. Bond yields rose, meaning prices fell, with the UK underperforming other major markets. This is not a recommendation to buy or sell and the sectors, securities, regions and countries shown are for illustrative purposes only. Along with this any past performance mentioned is not a guide to future performance and may not be repeated.