Diverse Income Trust plc (LON:DIVI) has announced its Factsheet for the month ended 30 April 2024.
Manager Commentary
Although interest rates were expected to be cut a number of times during 2024, ongoing inflationary pressures have persisted, most particularly in the US. Funds that mirror a stock markets index have remained the prime beneficiaries, and larger company returns have been strong again. Meanwhile, small companies have missed out, in part due to ongoing redemptions of UK investments.
Yet over March and April market trends appear to have changed. With Chinese growth accelerating modestly, and the US economy remaining robust, commodity (such and oil and gas) and energy prices have recovered more than expected. Furthermore, there has been a decline in bond valuations as well. So, over the last couple of months high-profile US companies, such Meta Platforms, Tesla and Apple have seen their share prices decline, whilst the share prices in industry sectors such as energy, mining and financials have outperformed.
