Following on from a dismal year for investors in 2022, in which stock markets recorded their worst annual losses since 2008, the new year has been much more positive for equity investors.
Over last quarter, markets shrugged off worries around the collapse of Silicon Valley Bank (SVB) and built on gains made in Q1 to end the period back in bull market territory (up 20% from their lows). The risk-on tone of last quarter has not spread as widely to other risk assets though, with commodities and property remaining in negative territory for the year.
This is a financial promotion and is not investment advice. Past performance is not a guide to future performance. The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. Portfolio characteristics and holdings are subject to change without notice. The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.