December saw a continuation of the equity market rally that initiated in November 2012 and made 2013 the best performing year since 2009 for most developed markets, as well as…

November saw a continuation of the recent rally that started after the Federal Reserve hinted at delayed tapering of its quantitative easing programme.  Japan and the US led the gains…

October saw a significant rally in most major markets, helped by a compromise on the US federal budget and by a continuation of the upswing from September after the Federal…

August initially saw an extension of the prior month’s gains made in developed market equities, with the S&P 500 index in the US hitting an all-time high, while the tech-heavy…

July saw a significant rise in equity markets, which more than recovered the sharp losses seen in late May and June.  Central banks eased investor concerns by reaffirming their commitment to low interest…

Summary As mentioned in last month’s commentary, markets were overextended after the prolonged rally in the past few months, so the correction in June was overdue.  It is poignant to note…

May started off with a bang, with several developed market indices such as the S&P 500 in the US and the FTSE 100 in the UK reaching all-time highs while…

March was rocky with a poor resolution of Cyprus’s debt problems, an inconclusive parliamentary election in Italy, and poor economic data from China, which all weighed on markets. April saw…