February Monthly Market review
Last month proved a mixed bag for global investors. On the one hand, British and European assets had another decent month, buoyed by lower-than-expected energy prices and noticeably lower inflation numbers.
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January Monthly Market Review
If investors were hoping for a turnaround in fortunes, they hardly could have asked for a better start to the year. While 2022 brought plenty of downpours, the first month of 2023 was all sunshine in capital markets. January’s equity market returns were positive across all major economies – many spectacularly so.
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December Monthly Market Review
For global investors, December was a suitably drab end to a dreary year. The equity rally which had gained momentum since autumn lost steam coming into the winter months.
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November Monthly Market Review
A surprisingly warm November brought rays of sunshine to capital markets. All the major equity markets (that we track in the table below) saw positive returns, government and corporate bond yields fell – pushing up bond valuations, and most currencies gained against the US dollar.
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October Monthly Market Review
Global equities rebounded in October, rising 2.8% from the perspective of a £-sterling based investor. This came as markets processed mixed third quarter earnings, further monetary tightening, new fiscal support packages and a slowdown in economic activity.
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September Monthly Market Review
Recession fears take hold September’s market activity displayed similarities to August: after an encouraging start, every asset class bar gold headed south. The month ended with an acceleration in the sell-off, which brought the summer quarter to a disappointing close.
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August Monthly Market Review
After a promising start, in the end, August turned into a rough ride in capital markets. Equity markets across the world took a downturn, and bond yields rose once more, putting downward pressure on bond prices.
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July Monthly Market Review
July was a great month for global investors. In sterling terms, the MSCI World Index climbed 6.8%, while bond yields fell across board, boosting bond values.
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June Monthly Market Review
June was not a strong month for global equities, which declined 5% for UK£ sterling investors on the back of worries around an upcoming global recession. In fact, the first six months of 2022 proved to be the worst first half of the year in more than 50 years for major equity markets.
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May Monthly Market Review
May 2022 was the definition of a rollercoaster month of equity performance. Equity markets rose in the first few days of May, followed by a rapid sell off, eventually recovering to finish the month down 0.3%. Bond returns were virtually flat as well and even commodity prices could only gain a net 1% in May.
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April Monthly Market Review
April 2022 was not a strong month for global equities, which declined 3.5% for UK sterling investors as inflation pressures, rising yields and further discussions around interest rate hikes impacted returns.
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March Monthly Market review
At the beginning of December last year, we wrote in our 2022 outlook, that “barring any further catastrophes, improvements should continue next year” and “in broad terms, we expect normalisation to be the key theme of 2022”.
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