UK equities: Q1 2024 market review and outlook

UK equities: an attractive source of real income
Scroll down to watch the latest quarterly video update

UK equities began the year in hesitant fashion – trading flat to modestly down in the period to mid-February, as investment style factors favoured ‘Growth’ orientated shares over lower valuation or ‘Value’ shares.  From mid-February onwards though, prevailing optimism around interest rates and deflation gave way to growing acceptance that both measures are likely to remain sticky.

We remain optimistic for UK equities in the medium to long-term outlook, particularly on a relative basis when compared to US markets. 

Martin shares his thoughts on the challenges of the last quarter and his outlook for UK Equities.

  • 0:23: What’s been happening in the UK markets over the quarter?
  • 02:32: What has changed in terms of economic news?
  • 04:43: How is the fund currently positioned?
  • 05:39: What is your medium to long term outlook?

Want to know more?

The fund is managed by Martin Walker, Head of UK Equities, and Deputy Fund Manager Bethany Shard. Click below to learn more about the fund and the UK Equities team.

Invesco UK Opportunities Fund (UK)
Meet the team

On demand: catch up on previous updates

Investment risks

  • The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

    The Fund typically has a concentrated number of holdings and may have a higher degree of risk than a Fund which invests in a broader range of holdings. The Fund may use derivatives (complex instruments) in an attempt to reduce the overall risk of its investments, reduce the costs of investing and/or generate additional capital or income, although this may not be achieved. The use of such complex instruments may result in greater fluctuations of the value of the Fund. The Manager, however, will ensure that the use of derivatives within the Fund does not materially alter the overall risk profile of the Fund. The Fund is invested in companies primarily domiciled in one country, any unfavourable conditions presented on them through country-specific conditions such as changes in regulation, business or economic policy may have a more negative impact on the Fund's performance than on the performance of a Fund that is geographically diversified. 

Important information

  • All information correct as at 31 March 2024 unless otherwise stated.

    This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.

    Views and opinions are based on current market conditions and are subject to change.

    If investors are unsure if this product is suitable for them, they should seek advice from a financial adviser.

    For the most up to date information on our funds, please refer to the relevant fund and share class-specific Key Investor Information Documents, the Supplementary Information Document, the Annual or Interim Reports and the Prospectus, available on the website.

    Issued by Invesco Fund Managers Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK. Authorised and regulated by the Financial Conduct Authority.