Equity markets continued to gain over the quarter, shrugging off US recession worries and soon recovering from an August sell-off which saw the Japanese Topix index record its worst daily performance since the Black Monday crash in October 1987.
The S&P 500 index is up more than 20% so far this year in local currency terms, which marks the best year-to-date performance in 27 years.
This is a financial promotion and is not investment advice. Past performance is not a guide to future performance. The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. Portfolio characteristics and holdings are subject to change without notice. The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.