Polar Capital Technology Trust plc Fund Data

Global stock markets reached new highs in August. The MSCI All Country World Net Total Return Index, a broad measure of global shares, rose +2.1%. Weaker US economic data initially lowered expectations that the Federal Reserve (Fed) would raise interest rates again, helping support share prices. Sentiment cooled later in the month after Fed Chair Kevin Warsh signalled rates could stay higher for longer. The S&P 500, an index of large US companies, gained +2.1%, while the Stoxx Europe 600 Index – Europe's equivalent – returned +0.8% (all returns in sterling terms).

Global stock markets reached new highs in August. The MSCI All Country World Net Total Return Index, a broad measure of global shares, rose +2.1%. Weaker US economic data initially lowered expectations that the Federal Reserve (Fed) would raise interest rates again, helping support share prices. Sentiment cooled later in the month after Fed Chair Kevin Warsh signalled rates could stay higher for longer. The S&P 500, an index of large US companies, gained +2.1%, while the Stoxx Europe 600 Index – Europe's equivalent – returned +0.8% (all returns in sterling terms).