The Insync Global Capital Aware Fund outperformed the benchmark in February. The Fund's protection level increased in January due to stretched valuations. The Insync Global Quality Equity Fund outperformed the benchmark in February.
Global equity markets demonstrated resilience and growth across January despite the challenges of unpredictable policies from President Trump, persistently high inflation, and the prospect of sustained elevated interest rates. Whilst US stocks rose, their return lagged against many other key markets.
The best back-to-back returns since the 1990s for global equity markets with the MSCI index returning 29.8% in 2024 on the back of 21.6% in 2023. This was largely driven by U.S. stocks which now constitute 67% of the MSCI, and in particular the ‘Magnificent 7’ companies.
Trump’s victory and Republican control of Congress drove US market performance in November as expectations for tax cuts, deregulation, and expansionary fiscal measures rose. US stocks overall rose 6% significantly outperforming other markets.
