Overall Market Backdrop, September
- The majority of global equities struggled while Emerging Markets and Asia Pacific saw modest returns.
- The US 10yr Treasury yield has ended the month close to its starting monthly yield of 0.67%. The month saw a tough market environment with fiscal stimulus fading and an increase in Covid-19 cases.
- No additional policies have yet been announced for the US as the country is rapidly approaching a fiscal cliff with unemployment benefits and business support set to expire.
- Minimum Volatility was the strongest performing factor with a return of 2.5%.
Covid-19 cases have continued to spread, and deaths have now exceeded 1 million.