The net asset value of the Woodford Patient Capital Trust and the Woodford Equity Income Fund have today seen material uplifts, as a result of developments at Industrial Heat.
A review of key events in August 2018, a month in which the US stock market reached a new all-time high, recording the longest bull market in history. In itself, that provides sound reason for caution but, elsewhere in the world, this bull market is already looking increasingly imperilled, with the UK and other European stock markets losing ground and several emerging markets, including China, already in bear market territory. Meanwhile, evidence to support our more cautious view of the global economic environment has continued to mount…
Proton Partners, which is held in the Patient Capital Trust and Equity Income Fund portfolios, has reached a significant milestone treating the first patient in the UK with a ground-breaking cancer treatment.
May was another positive, albeit increasingly volatile, month for UK equities. Dollar strength is becoming an increasingly important feature of the market backdrop, in response to the deteriorating global liquidity conditions. This is playing out most aggressively in emerging markets thus far and political events in Italy have brought the eurozone’s frailties back to the forefront of investors’ minds…