UK Market Barometer: June 2021

Large-growth stocks roared back to life last month, but UK small-cap value stocks are still ahead at the midpoint of the year

James Gard 6 July, 2021 | 1:35PM
Facebook Twitter LinkedIn

After a value rally for most of this year, June was a strong month for growth stocks worldwide, and that is reflected in our lists of best performing funds and trusts last month. Every month we look at how the stocks in the Morningstar UK Index have performed according to size and investing style, and a similar pattern is visible here too. Large-cap growth stocks were the best performers in June, but small-cap value still has the upper hand in the year to date. June returns for Morningstar UK Barometer

The Morningstar UK Index, which covers more than 300 stocks with a market cap ranging in size from a few hundred million pounds to around £100 billion, gained around 1% in June but is up 13% in 2021 so far – compared with a loss of 11% in 2020. Within the index, the performance of the various styles and sizes of stocks was largely undramatic: mid-cap value stocks were down 1.61%, while large-cap value gained 1.19%. Large-cap growth was the standout category with a gain of more than 4% in June, which took the year to date gain to just over 14%. Only 10 stocks make up this category, but it includes dominant stocks like London Stock Exchange (LSEG), up 5% in June, and Ocado (OCDO), which gained 6% last month. Still, both companies’ share prices are under water so far this year.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

James Gard  is content editor for