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March 2017
Global Equity Markets
The MSCI AC World Index rose in February with the emerging markets (EM) outperforming developed markets (DM). In the developed markets, Australia, and the US outperformed while Europe and Japan underperformed.
Asia Pacific Equity Markets
Asia Pacific equities gained in February 2017, underperforming against both global markets and the emerging markets as concerns arose that the US Federal Reserve (Fed) would hike interest rates in March.
Asia (excluding Japan) Equity Markets
Asia ex-Japan equities rose in February, outperforming global equities and emerging markets slightly, even as futures indicate a high probability that the US Federal Reserve (Fed) would hike interest rates in March.

February 2017
Global Equity Markets
The MSCI AC World Index rose in January with the emerging markets (EM) outperforming developed markets (DM). In the developed markets, Japan, Australia, Canada outperformed while US and Europe underperformed.
Asia Pacific Equity Markets
Asia Pacific equities gained in January 2016, out performing both global markets and the emerging markets (EM), shrugging off concerns that a newly elected US President Trump would pursue isolationist policies which would dent global trade.
Asia (excluding Japan) Equity Markets
Asia ex-Japan equities rose in January 2017, out performing global equities and emerging markets, shrugging off concerns that a newly elected US President Trump would pursue isolationist policies which would dent global trade.

January 2017
Global Equity Markets
The MSCI AC World Index rose in December with the developed markets (DM) outperforming emerging markets (EM). The US Federal Reserve (Fed) continued its hiking cycle with a rate hike during the month as economic conditions continue to show further improvements.
Asia Pacific Equity Markets
Asia Pacific equities gained in December 2016, underperforming global markets but outperforming the emerging markets. Australia outperformed alongside the developed markets (DM) as pessimistic sentiments of a contraction in the country's economy and consumer confidence were offset by rallies in the commodities and oil sector.
Asia (excluding Japan) Equity Markets
Asia ex-Japan equities slipped in December 2016, underperforming global equities. The US Federal Reserve (Fed) continued its hiking cycle with a rate hike during the month that saw interest rates rising by a quarter percentage point (0.25%) to 0.75%. Fixed income markets saw a rally in the US 10 year bond yield that dented emerging market (EM) performance across equities and bonds.

December 2016
Global Equity Markets
The MSCI AC World Index rose in November with the developed markets outperforming (DM) emerging markets (EM). Investors rotated capital out to DM from EM, as Donald Trump's election victory sent the greenback higher. Within DM, global market value jumped at the expense of a bond rout amid sentiments that the Federal Reserve will raise interest rates faster than anticipated.
Asia Pacific Equity Markets
Asia Pacific equities gained in November 2016, underperforming global markets while avoiding losses that plagued the emerging markets. Australia outperformed even as the AUD depreciated against the USD. Investors shifted capital to developed markets after a Trump victory that jolted the greenback higher on optimism of planned fiscal expansion.
Asia (excluding Japan) Equity Markets
Asia ex-Japan equities were little changed in November 2016, underperforming global markets while avoiding losses that plagued the emerging markets as investors shifted capital to developed markets after a Trump victory that jolted the US dollar higher on optimism of planned fiscal expansion.

November 2016
Global Equity Markets
The MSCI AC World Index rose in October with the emerging markets (EM) outperforming developed markets (DM) as investors priced in sentiments of a Clinton win in the run up to the elections that ultimately failed to materialise. Within DM, Japan outperformed on the back on better trade numbers while both Europe and the US market underperformed. In the EM, Eastern Europe, Middle East and Africa (EMEA) and Latin America (LATAM) outperformed, with the latter market continued to be supported by lower costs of borrowing. Inflation and retail sales continued to be soft alongside weak commodity prices and subdued global growth.
Asia Pacific Equity Markets
Asia Pacific equity markets gained in October driven by Japan stocks that rose as the yen touched a three month low against the dollar that buoyed up exporters' earnings. Australia underperformed, reversing gains from the previous month. Investors remained bullish on a Clinton win in the lead up to election day as markets priced in expectations that global trade would remain business-friendly.
Asia (excluding Japan) Equity Markets
Asia ex-Japan equities moved slightly higher in October 2016, underperforming most other emerging markets, but performed slightly better compared to global markets. Investors remained bullish on a Clinton win in the lead up to election day as markets priced in expectations that global trade would remain businessfriendly.

October 2016
Global Equity Markets
The MSCI AC World Index rose in September with the emerging markets (EM) outperforming developed markets (DM) as measures from global central banks to sustain stimulus rekindled appetite for riskier assets in developing nations.
Asia Pacific Equity Markets
Asia Pacific equity markets gained in September on modest gains driven by North Asia and flow funds continuing strongly with investors moving capital out from Europe to Asia Pacific region.
Asia (excluding Japan) Equity Markets
Asia ex-Japan equities rose in September 2016, performing in line with most other emerging markets, and outperforming global markets as a whole.

September 2016
Global Equity Markets
The MSCI AC World Index rose in August with the emerging markets (EM) outperforming developed markets (DM). Within DM, Europe outperformed while the US market underperformed.
Asia Pacific Equity Markets
Asia Pacific equity markets gained in August with strong fund inflows on the back of Brexit as global investors moved capital out from Europe.
Asia (excluding Japan) Equity Markets
Asia ex-Japan equities rose in August 2016, outperforming other emerging markets and developed markets. Asia markets benefited from fund inflows as investors looked outside the developed markets for opportunities amid political uncertainty surrounding Brexit.

July 2016
Global Equity Markets
The MSCI AC World Index was marginally lower in June with the emerging markets (EM) outperforming developed markets (DM). Within DM, only the US market outperformed while the Europe and Japan markets underperformed.
Asia Pacific Equity Markets
Asia Pacific equity markets were lower in June on the back of the UK referendum outcome where it voted to exit the European Union. Within the region, Asia ex-Japan outperformed while Australia and Japan underperformed.
Asia (ex Japan) Equity Markets
Asia ex-Japan equities rose in June, outperforming the global equity markets where Developed Markets (DM) underperformed Emerging Markets (EM). Fixed income markets rose in June with G7 bonds being the best performing.

June 2016
Global Equity Markets
The MSCI AC World Index was higher in May with the developed markets (DM) outperforming emerging markets (EM). Within DM, only the US market outperformed while the Europe and Japan markets underperformed
Asia Pacific Equity Markets
Asia Pacific equity markets were lower in May as investors were cautious following a strong performance from the previous month. Within the region, Japan outperformed while Australia underperformed.
Asia (ex Japan) Equity Markets
Asia ex-Japan equities fell in May, underperforming global equities but outperforming other emerging market equities. Emerging markets (EM) underperformed developed markets (DM) even as energy moved higher over the month.

 

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