March 3, 2016 


  • Global equity markets finished roughly flat to slightly down despite a volatile first half month. Global equities remain down 6.7% since the start of the year 
  • ‘Safety’ continues to shine as reflected in the strong performance of precious metals, defensive sectors, low volatility stocks, and long duration fixed income.
  • Investor concerns over China (slowdown, currency devaluation), a British exit from the European Union, and uncertainty around upcoming Federal Reserve rate hikes are weighing on the performance of risky assets.  
  • In a world of high uncertainty and low (negative) interest rates, capturing equity risk premiums have become even more difficult, which reinforces the notion of holding a long-term perspective when investing.

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