In a continuation of May’s relative recovery from the effects of the US’ ‘liberation day’ tariffs, technology stocks led the pack of best performers. A renewed optimism for AI stocks contributed to rises for indices such as the S&P500 and the Nasdaq Composite, which closed their best quarters in over a year, with the former particularly exposed to large cap tech. Nvidia was the standout holding among tech trusts, especially for those like Manchester & London, which had 38% of its portfolio in Nv ....
