Overall Market Backdrop, September

• Developed markets struggled throughout the month as they continue to battle against high inflation, monetary tightening and lower growth expectations.
• The US 10-Year Treasury yields saw a huge uplift and ended at 3.80%, 67 basis points higher than the start of the month.
• Minimum Volatility was the best performing factor for September.
• The UK Prime Minister Liz Truss announced support for businesses and a cap on household energy bills for 2-years.

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