- Global equities delivered positive returns in February, supported by improving inflation data with especially strong performance in regions such as Japan and Asia ex‑Japan.
- Despite a positive return in February, North American equities have suffered the worst relative start to the year against the rest of the world.
- Whilst geopolitical developments since the start of March have added volatility, we maintain a mildly constructive outlook.
The value of securities and the income from them can fall as well as rise. Past performance should not be seen as an indicator of future returns. All views expressed are those of the author and should not be considered a recommendation or solicitation to buy or sell any products or securities.
