Tag: Investment Desk

London Southbank riverside walk with view of House of Parliament and Big Ben on foggy autumn day with colourful foliage trees.

September monthly commentary

Global equities continued to trend higher in August, with the MSCI World index rising 2.7%. Emerging market equities marginally outperformed developed markets, while Europe and the UK were up around 2%. Best performing sectors were communication services and technology up 3.9% and 3.8% respectively while the laggards were more cyclical […]

August Monthly Commentary

August Monthly Commentary

After a brief growth scare and market pull back in mid-July, developed market risk assets have made steady gains in recent weeks with the MSCI World climbing c. 5%. Emerging market equities have fared less well, led lower by volatility in Chinese stocks. Over the same period, US government bonds […]

July Monthly Commentary

July Monthly Commentary

Since mid-June, financial market performance has been very mixed. Regional equity market performance has varied, US benchmarks have made steady gains (+2.5%) led by a rebound in the technology sector, whilst European and UK markets have slipped -2.5% and -4.0% respectively. In the US, the yield curve has flattened, with […]

June Monthly Commentary

June Monthly Commentary

In recent weeks, financial markets have delivered steady positive returns with government bonds, corporate credit and equities all making gains. Since mid-May, European stocks have outperformed the US. Sector performance has been mixed with less leadership from cyclically sensitive stocks and a recovery in technology names. US 10-year treasury yields […]

May Monthly Commentary

May Monthly Commentary

After a strong month for financial markets in April, conditions in May have been more volatile. Global equity benchmarks have been choppy and US equity indices are lower on the back of technology sector underperformance. US 10-year treasury yields have seen little change month to date at 1.64%, but have […]

April Monthly Commentary

April Monthly Commentary

Financial markets have started April strongly and the rotations that characterised much of the first quarter have eased. The move higher in US Treasury yields that had triggered market and asset class shifts peaked at the end of March, briefly touching 1.75% in the US 10-year Treasury yields, before falling […]

March Monthly Commentary

March Monthly Commentary

The dominant market story of recent weeks has been the rise in US government bond yields and the implications for asset markets and policy makers. Longer-dated government yields have been gradually rising from a low base since the middle of last year, reflective of recovering growth and inflation prospects. However, […]