[Video] Investment Outlook on Multi Asset in H2 2023
Thursday 16 January 2020
Market Commentary
Markets ended 2019 on an extremely positive note with notable gains across most global equity markets amidst a broad risk-on sentiment. The main catalyst for the strong performance in December was the progress on trade negotiations between US and China. Although the terms of the Phase One trade-deal were vague, investor sentiment was boosted by the roll-back of US tariffs on USD$120 billion of Chinese goods from 15% to 7.5% and an agreement from China to increase purchases of US goods. Asian equity markets were among the top beneficiaries of the risk-on investor sentiment. MSCI Asia ex Japan rallied (6.42%, in USD terms, net dividends excluded) and significantly outperformed the MSCI World Index (2.89%, in USD terms, net dividends excluded).