ClockWise: Narrow stock market leadership continues - 2024 Q2 review

Equity markets continued to advance over the second quarter of the year. Returns on global stocks are now in double-digit year-to-date territory; this takes the performance since October’s lows close to 30% in local currency terms. Commodities have also offered positive returns so far this year, while returns on bonds have been negative as markets reassess monetary policy expectations.

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This is a financial promotion and is not investment advice. Past performance is not a guide to future performance. The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. Portfolio characteristics and holdings are subject to change without notice. The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.