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Market Commentary: April 2019

Here are this month’s highlights: Global equity markets put in a strong showing in April. Concerns around global growth ebbed, as key players including China and the US registered stronger-than-expected GDP growth rates for the first quarter. The still-dovish tone of Central Banks supported overall risk-appetite: Emerging Markets closed higher, government bond yields rose and high-yield bonds outperformed investment grade and government peers. South Africa was one of the best performing Emerging Markets, rallying ahead of the May election.