Q1 2021 Executive Summary

First Quarter Market Perspectives Executive Summary. Inside, you will find a summary of market activity and our market outlook.

Global markets extended their climb in Q1, rising 4.6%. Value equities led growth with Tech and Tech-like equities lagging, however we believe this to be a temporary countertrend. We are monitoring this carefully with the understanding that style volatility is normal. Crucially, our outlook hasn’t changed. We still think equities should have a good year, with growth regaining its leadership as markets climb alongside sentiment.

Investing in stock markets involves the risk of loss and there is no guarantee that all or any capital invested will be repaid. Past performance neither guarantees nor reliably indicates future performance. The value of investments and the income from them will fluctuate with world financial markets and international currency exchange rates.