2 September, 2021 by Administrator
Equities Global equity markets rose 2.9%...
4 August, 2021 by Administrator
Equities Global equity markets rose 1.4% in...
1 July, 2021 by Administrator
Equities Global equity markets rose 4.3% in...
3 June, 2021 by Administrator
Equities Global equity markets were flat...
LCP Investment Summary - June 2021
Posted on 1 July, 2021 by Administrator
Global equity markets rose 4.3% in June (in € terms), with returns boosted by the U.S. Dollar strengthening by 3% against the Euro.
Markets continued their upward march over the month on the back of generally solid economic data, continuing good news on vaccinations (despite increasing concerns over the delta variant) and President Biden’s $1trn infrastructure deal near month-end. Recent inflation data released led a number of Central Banks to revise their estimates of interest rate increases over 2022/23. Equity markets initially fell on this news but investors seem to be looking to the positives, and that this higher inflation is as a result
of a recovering global economy after the economic turmoil since early 2020.
Longer-dated Eurozone bond prices rose 1.6% in June, with the yield on the AAA Eurozone 15+ Year Index falling to 0.16% by month-end. The Euro Broad Sovereign 10+ Year Index rose by 1.1% with its yield at 0.77% by month-end. It was a mixed month for bonds with yields both rising and falling at times given the news flow on economic data/indicators and inflation. The ECB gave a more cautious update than the U.S. and U.K. authorities on potential interest rate rises over 2022/23 which helped keep a lid on bond yield rises in the region.
Sample DC Schemes
All three of our sample DC Strategies rose over June, as most asset classes were positive.