21/09/2023
Market Commentary
[Video] Investment Outlook on Multi Asset in H2 2023
Monday 19 July 2021
Market Commentary
Global markets performed well in June as vaccination programmes went well in the US and UK, even though the number of COVID-19 cases in UK rebounded from around 2000 cases/day in May to close to 15000 cases/day in June. The number of cases is also rebounding in South East Asia. Concerns were raised over the so-called ‘delta’ variant worldwide as vaccines may be less effective toward this variant. Against this backdrop, MSCI Asia ex Japan Index was down 0.41% in June (in USD terms, net dividends excluded), underperforming the MSCI World Index which gained 1.40% during the month (in USD terms, net dividends excluded).