Global equities had a good week to round off a very strong quarter, with the FTSE World index up by 1.3% on the week and by over 7.5% in the quarter. This took returns for the year to just over 12% for the global market. Better than expected US jobs data helped push the S&P500 to new all-time highs and post its 5th consecutive month of gains.

 

The second quarter produced a reversal in market leadership between the Value and Growth equity styles. An index of large-cap Growth stocks returned nearly 12%, while its Value counterpart added just over 5%. However, Value remained the leader through the first half of 2021 with a 17% return to Growth’s 13%, as Value outperformed in the first quarter. CLICK HERE