5 July, 2022 by Administrator
Equities Global equity markets fell...
2 June, 2022 by Administrator
Equities Global equity markets fell -1.2%...
5 May, 2022 by Administrator
Equities Global equity markets fell 3.2%...
5 April, 2022 by Administrator
Equities Global equity markets rose 3.7%...
LCP Investment Summary - October 2021
Posted on 2 November, 2021 by Administrator
Global equity markets rose 5.4% in October (in € terms). Markets recovered strongly after the falls seen in September, with the S&P500 index again hitting a record high over the month. Despite inflation remaining high, investors were reassured mainly by the release of better-than-expected Q3 earnings, and global economic data that remained generally solid.
Investors also welcomed comments from both the U.S. Federal Reserve and the ECB that suggested that interest rates might not rise as quickly as anticipated (although it is expected that they will both start to reduce their respective bond support programmes in the meantime).
Longer-dated Eurozone bond prices rose 1.8% over the month, with the yield on the AAA Eurozone 15+ Year Index falling to 0.07% by month-end. The Euro Broad Sovereign 10+ Year Index fell 0.1% with its yield rising to 0.77% by month-end.
Longer-dated AAA bond yields had a mixed month, initially rising over higher inflation data but then falling towards month-end as the ECB seemed to rule out the prospect of them increasing interest rates before 2023 (although some investors remain sceptical, believing that rates could rise by mid-2022).
Sample DC Schemes
All three of our sample DC Strategies rose over the month as most asset classes were up.