Equity markets ended the year with another positive quarter to end the year up over 16%. Equities and bonds sold off at the start of October on concerns around interest rates staying higher for longer.
However, both rallied sharply from late October into the year-end as investors moved to expect more aggressive rate cuts next year on the back of lower inflation data.
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.