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Market Commentary January 2025

Market Commentary January 2025

Despite the December pullback, 2024 was a good year for asset returns overall.
Market Commentary December 2024

Market Commentary December 2024

November saw risk sentiment surge after the Republican "red sweep" in the US election.
Market Commentary November 2024

Market Commentary November 2024

October saw a reversal of September’s rally, reflecting the ongoing challenges of investing in a late-stage economic cycle.
Market Commentary October 2024

Market Commentary October 2024

September saw strong performance for U.S. and Chinese equities despite historically poor seasonality.
Market Commentary September 2024

Market Commentary September 2024

In August, Japanese equities suffered their largest decline in 40 years due to the Bank of Japan’s rate hike and a sharp JPY appreciation, triggering sell-offs across global markets such...
Market Commentary August 2024

Market Commentary August 2024

‘Markets take the stairs up… and the elevator down.’ Volatility is back with Japan equities at the front and centre: Japan was down 12% on 5 August, the largest down...