Global markets ended the first quarter of 2021 in positive territory, despite concerns regarding rising global Covid-19 cases in certain regions towards the end of March.
In this edition
- Against this backdrop, global equity market returns were positive over the month, with developed market equities outperforming Asian and emerging market equities.
- European equities were notably strong, supported by a weaker month for the euro.
- Global fixed income markets were relatively firmer in March, to end what was a challenging first quarter as government bond yields rose. After a strong start to 2021, commodities were weaker in the month against a stronger US dollar, but still delivered bumper returns overall in the first quarter.
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