QUICK LINKS
The year started off with significant caution in the system as the geopolitical environment remained uncertain and a major proportion of the world’s democracies were heading into elections. The United States (US) hard landing/soft landing narrative continued but the prospect of interest rate cuts in most major economies gave investors hope that they will still be able to get reasonable returns from markets in the latter part of the year.
Global markets delivered a positive performance in November with the MSCI World Index adding 2.1% despite seeing a sizable sell-off in emerging markets (MSCI Emerging Market Index: -5%). Emerging markets were under pressure as the attention shifted towards the US presidential elections with Donald Trump’s historic “red sweep” victory and his intended policy plans (comments surrounding tariffs weighed heavily on emerging markets, particularly China).
The content or fund you have selected is not available for the profile or region you have selected. Please select one of the options below to return to the site.