Market update

December market update – a full year of positive US equity returns

Accommodative monetary policy and solid global growth data continued to provide a positive environment for equity market returns in December. In developed markets, the S&P 500 tallied up a record of 14 successive positive months and in the process made 2017 the first calendar year where positive returns were recorded every month.

What happened in the markets?

  • Closer to home, UK equities rebounded strongly after a weaker month in November, while European equities remained subdued against a stronger euro and ongoing political challenges
  • Commodity markets, in particular energy prices, ended 2017 strongly following the announcement that supply constraints would be extended in 2018. Prices were also supported by another weak month for the US dollar, despite the Federal Reserve’s decision to hike rates, as expected
  • UK corporate bonds and gilts were the standout performers in fixed income markets

Read our market commentary

We hope you have found this update helpful. Please do get in touch on 020 7189 2400 or email if you have any queries or would like more information.

Important information

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. This is not a personal recommendation or advice to invest. Past performance is not a guide to future performance.

Funds may carry different levels of risk depending on the industry sector(s) in which they invest. You should ensure that you understand the nature of any fund before you invest in it.



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