November 2025 In Review Valuation concerns on AI-related stocks drove investors to defensive sectors Global equities experienced elevated volatility in November 2025 as investors reassessed valuations, especially in technology and AI‑linked sectors, against a backdrop of shifting macroeconomic expectations. [...]
October 2025 In Review Global Backdrop: Good News, But With Caution The global investment landscape presented a mixed, but overall resilient picture in October. Developed-market equities rose by around 2.0% in U.S Dollar terms, while the Bloomberg Global Aggregate Bond [...]
September 2025 In Review Macro: Global Growth Holds Steady Amid Rate Optimism Global markets closed out the third quarter on a broadly positive note, buoyed by easing inflation pressures and growing expectations that the U.S. Federal Reserve could soon begin [...]
August 2025 In Review In August, global equities advanced, with the MSCI All Country World rising 2.5% and the Bloomberg Global Aggregate Bond Index gaining 1.5%. Earnings season also provided a lift: Nvidia beat overall expectations despite a miss in [...]
July 2025 In Review A burst of trade deals from the Trump administration plus the passage of the crowd-pleasing One Big Beautiful Bill Act (OBBBA), helped markets breathe easier in the month of July. While tariffs remain well above pre-Trump [...]
June 2025 In Review June saw a strong rebound across global equity markets, driven by the Information Technology & Telecommunication sectors. Performance was supported by easing trade tensions between the US and China and resilient corporate earnings, especially from US [...]
May 2025 In Review Global investment markets rebounded sharply in May (measured in US dollars), buoyed by improved consumer sentiment, strong corporate earnings, and an easing in global trade tensions, most notably, the partial rollback of tariffs announced on Liberation [...]
April 2025 In Review April 2025 was a volatile yet resilient month for global equity markets, shaped once again by geopolitical tensions & trade policy shifts. Early losses in April were driven by concerns over trade wars and slowing economic [...]
March 2025 In Review In March 2025, markets experienced notable movements driven by policy uncertainty, increased geopolitical tensions and growth concerns in the United States. Global equity markets experienced a challenging month, with the MSCI All Country World Index (ACWI) [...]
February 2025 In Review February was characterized by a risk-off sentiment, due to several bearish narratives. Concerns about growth and stagflation arose from softer economic readings and hotter inflation measures. Uncertainty around Trump’s trade, immigration, tax and Ukraine policies added [...]
