Investment Markets Commentary to 31 May 2016

Investment Markets Commentary

Many stock markets were close to all-time highs a year ago, but have subsequently declined against a backdrop of increased volatility; the FTSE All-World index ended the twelve month period to 31 May 2016 lower by 0.2% in sterling terms. Currency moves were an influential factor, with sterling weakness improving stock market returns for UK investors, and US dollar strength and a rebound in the yen supporting returns from the US and Japan. Government bond yields declined modestly over the year, producing positive returns from bond markets, while UK commercial property produced the strongest returns of the major asset classes.

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