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 - July 2021
Posted on 4 August, 2021 by Administrator
Global equity markets rose 1.4% in July (in € terms). Although world equities rose over
the month, Eurozone government bonds outperformed equities (Eurozone 15+ AAA
government bonds rose by 4.8%).
Investors took account of the possibility that Covid strains such as the Delta variant may
continue to affect global economies and in turn anticipated growth rates. Quarterly report
data in July from the U.S., including big stock names like Amazon, resulted in falls after
disappointing (or not what investors were expecting) quarterly results were announced.
Longer-dated Eurozone bond prices rose 4.8% over the month, with the yield on the AAA
Eurozone 15+ Year Index falling to -0.09% by month-end. The Euro Broad Sovereign 10+
Year Index rose 3.8% with its yield falling to 0.54% by month-end.
Eurozone bond prices fell and yields rose sharply on fears that rising Covid cases could
again hit economic growth, amid signs that growth was peaking. German government
bond yields had their biggest monthly fall since January 2020.
Sample DC Schemes
All three of our sample DC Strategies rose over July as most asset classes were up.