UK Market Barometer: August

Morningstar's UK Market Barometer shows recovery of value stocks in August, but the long-term trend shows growth way ahead 

James Gard 14 September, 2020 | 10:18AM

Barometer

August was a positive month for global equities, but which sectors and companies stood out? Our new monthly UK Market Barometer looks in detail at the key trends in the UK market last month, which stocks and styles performed well, and whether these moves leave companies over- or undervalued.

2020 has so far seen the triumph of large-cap growth over value as a style of investing, with tech stocks powering stock markets higher. According to Morningstar Direct data, even though Britain lacks technology giants like Amazon and Tesla, this trend has played out in the UK market: large-cap growth stocks are up 25%, substantially outperforming mid-cap and small-cap growth stocks.

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About Author

James Gard  is content editor for Morningstar.co.uk

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