Insights Monthly August 2020

The strength of markets in Q2 continued into July, with the MSCI World index of developed equity markets up 4.8%, global emerging equity markets even stronger, +8.9%, and global government bonds also up, +3.3%. Credit markets benefitted from falling...

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Insights Monthly July 2020

Despite the most significant wobble in bond and equity markets since the trough on 23rd March, risk assets still made further progress in June, extending the recovery to one of the sharpest on record. The MSCI World index returned 2.6%, led this...

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Insights Monthly Jun 2020

The world economy has entered its sharpest and deepest recession since the Great Depression almost 100 years ago, yet equities are in the midst of a raging bull market. By the end of May, global equities, as measured by the MSCI World index, had...

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Insights Monthly May 2020

The recovery in markets which started in late March, following the massive interventions of the Federal Reserve in the US, and other major central banks, continued through April. This huge monetary stimulus, a combination of interest rate cuts (the...

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Insights Monthly April 2020

Three months ago, investors were looking forward to an improved year of global growth and corporate earnings. That was then. The coronavirus crisis is an era defining event; life before coronavirus and life afterwards. Above all it is a humanitarian...

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Insights Monthly March 2020

After a period of remission verging on complacency, markets were dramatically infected by coronavirus in the final week of February, with the sharpest weekly fall in equities since the financial crisis. The trigger was the realisation that the...

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