Overall Market Backdrop, April
- Almost all equity markets sang to the same tune in April and saw negative returns, the only outlier being the UK market which saw very marginal positive returns.
- Central banks are now seen to be walking on a tightrope, causing concerns for investors as they tend to balance the pressure of inflation with an already slowing growth rate.
- Sovereign bond yields once again saw an increase globally, with the US 10-Year Treasury increasing by over 50 basis points and ending at 2.88%.
- Minimum Volatility has now been the best performing factor for 2-months.