Market Commentary: February 2022

Market Commentary: February 2022     Global Market Themes: Heightened tension, volatile markets as Russia invades Ukraine European equities largely lower, UK boosted by oil giants Sanctions and threats, frozen asset-holdings hit Russia and its political elite Risk...

The Russian Invasion of Ukraine

A complex geopolitical situation is unfolding in the form of the invasion of Ukraine by Russia. We describe this in some detail below. The situation has already, of course, had implications for markets, a brief summary of which we cover in the following paragraph...

China Market Commentary: February 2022

China Market Commentary: February 2022   Here are this month’s highlights: The MSCI China A Onshore index fell by 8.8% and the MSCI China index had a 3% decline. There are very few fund managers operating in the smaller companies’ space despite the vast investment...

Market Commentary: January 2022

Market Commentary: January 2022     Global Market Themes: Global equities largely lower, roiled by escalating Russia-Ukraine tensions, inflationary fears and hawkish central banks Highly volatile US equities lose more than 5%, entering correction territory UK,...

China Market Commentary: December 2021

China Market Commentary: December 2021   Here are this month’s highlights: For December, the MSCI China index was down 3.2% and the MSCI China A Onshore index was up 0.7%. Offshore listed companies in Hong Kong and US ADRs fell indiscriminately. By contrast, onshore...

Market Commentary: December 2021

Market Commentary: December 2021     Global Market Themes: Mounting Omicron cases in Europe, United States (US) despite highly vaccinated population Developed Market (DM) equities stage a recovery and end the year with double-digit gains Chinese equities slump,...

Market Commentary: November 2021

Market Commentary: November 2021   Global Market Themes: Markets roiled by the emergence of new COVID-19 variant (Omicron) United States (US) equities lower, nonetheless outperforming Developed Market (DM) peers Emerging Markets (EM) bear the brunt of global risk...

China Market Commentary: November 2021

China Market Commentary: November 2021 Here are this month’s highlights: The MSCI China and MSCI China A Onshore indices were up 3.2% and 2.2% respectively. Over the last three years, our multi-manager strategy has experienced both severe bull and bear markets, has...