The UK was the worst performing MSCI country index in June, the month Theresa May’s snap election delivered a hung parliament.
The MSCI UK index fell 1.9 per cent over the month compared to a 0.5 per cent rise in the MSCI ACWI. For the year to date it has delivered 10 per cent compared 11.8 per cent in the all-country index.
UK performance compared to ACWI has been on a downwards trajectory since 2016, MSCI reveals.
Germany and France rounded out the bottom three for June falling 1 per cent and 1.2 per cent respectively; however, for the year to date they have delivered 16 per cent and 17.9 per cent.
In a reversal of fortunes, Canada, which year-to-date has been the worst performing country delivering 3.5 per cent, topped the indices in June by delivering 3.1 per cent.
Australia and China were also top performers in June with 2.9 and 2.4 per cent respectively. For the year to date they are the second worst and second best performers delivering 9 per cent and 25 per cent respectively.
Korea tops year to date performance with 28.9 per cent.