A Spotlight On: Global Equities
In 2023, at times, the markets seemed desperate to cling to good news - such as the possibility of central banks cutting interest rates. However, equity markets overall experienced positive returns. The MSCI, for example, produced almost 25% growth.
There were two other notable characteristics of 2023’s performance:
- Firstly, the strong rally in November and December contrasted with earlier months’ downturns.
- Secondly, there was a large amount of volatility spurred on by short-term factors - for example, the US banking crisis in March 2023.
Market concentration along with AI were two other themes that the market fixated on in 2023, which also brought challenges such as the valuations of prominent stocks like the Magnificent Seven.
In this month's 'A Spotlight On' session, Ajay Vaid, Senior Investment Research Analyst, was joined by Murdo MacLean (BNY Mellon Investment Management), Ian Mortimer (Guinness Global Investors) and Diana Philip (Baillie Gifford) to discuss the potential opportunities for Global Equities in 2024. Watch the full panel discussion below:
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