November market update – developed markets outperform as hopes rise for a faster recovery

Head of Multi-asset Funds Ben Seager-Scott and Senior Research Analyst Louie French give their commentary on what happened in the markets over the month of November 2020

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Published on 17 Dec 20201 minute read

After a challenging month for global markets in October, the positive vaccine news and US election results boosted investor sentiment and market returns over the month of November.

In this edition

Against this backdrop, global equity markets were notably strong, with developed equity markets outperforming Asian and Emerging Market equities.
The risk-on sentiment was reflected across asset class returns, with oil prices rising and high yield outperforming in fixed income.
The perceived safe havens, such as gold and government bonds, underperformed over the month.

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