- Global equity markets continued to move higher, driven by strong earnings and ongoing momentum in AI and semiconductor-related sectors, particularly in the US.
- Asian equities outperformed the rest of the world, supported by similar growth themes and robust earnings, adding to portfolio returns.
- Despite expectations for further rate rises, particularly in the UK and US, central banks may remain constrained, with portfolios positioned to balance upside participation with downside protection amid likely market volatility.
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.
