Nov. 2016 || Newsletter

Investment Perspective
October proved to be a relatively quiet month for equity markets with the MSCI World Index declining by 0.8%. Weaker currencies contributed to the outperformance of European and Japanese equities over US ones during a period of widespread dollar strength. However, the main trend observed during the past month was the pick-up of bond yields, resulting in above-average price movements for the asset class. Highly-rated sovereign debt and credit were the most impacted fixed-income market segments, reflected by the 1.7% drop of the Citigroup Euro Broad Investment Grade Index. Investors appear to be taking account of the fact that the main central banks have reached the limits of their unprecedented policy actions and that record low yield levels are no longer sustainable.    

Newsletter summary

  • Investment Perspective
  • Investment Strategy
  • Portfolio Activity/News

Download the newsletter...

Etiquetas: Newsletter