[Video] Investment Outlook on Multi Asset in H2 2023
Tuesday 21 July 2020
Market Commentary
Global markets continued strengthen as more and more countries started easing lockdowns. However, new infections spiked after the re-opening of economies put questions on the recovery path. Furthermore, US-China tensions have not eased as the US imposed a ban on the export of sensitive military items to Hong Kong, following the passing of the new National Security Law. MSCI World Index continued to rally with a gain of 2.51% (in USD terms, net dividends excluded) during the month as investors cheered the re-opening of economies, despite the resurgence of rising confirmed cases. In comparison, the MSCI Asia ex Japan Index outperformed, up 7.87% (in USD terms, net dividends excluded).