Market Review – EBI Portfolios

The US and UK equity markets saw a volatile month with initial gains from the start of the month melting away by the end.
Emerging markets and Asian markets performed well in the month with returns of 7.4% and 8.5% respectively.
US Treasury yields saw a month of drama. The first week saw a drastic increase in yields fuelled by economic reopening. Similar to equities, fears of a second wave for the ongoing pandemic drove yields back to where they started the month.
Momentum was the strongest performing factor this month with a return of 7.2%.
Despite facing downward pressure, oil prices have continued to increase throughout the month.
June saw a consistent theme of governments around the world adding additional economic stimulus.

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