Executive Summary Q1 2022

Inside, you will find a summary of market activity and our market outlook.

After hitting a 4 January high, global markets fell into this bull market’s first correction as investors feared rising interest rates, inflation and Vladimir Putin’s vile Ukrainian invasion. At its 8 March low, the MSCI ACWI Index was down -13.4% before rallying to put full quarter returns at -5.4%. Despite the volatility, we still believe 2022 should be good for equities, with Tech and growth leading.

Investing in financial 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.


Fisher Investments Ireland Limited, trading as Fisher Investments Europe, is authorised and regulated by the Central Bank of Ireland (CBI), and is wholly owned by Fisher Asset Management, LLC, trading as Fisher Investments (FI). Fisher Investments Europe delegates portfolio management to its parent company, FI.