Asset Allocation Outlook December

It’s been clear for quite a while that we’re living in exceptional times. Economic data had already rewritten records, for both contraction and growth. Yet that didn’t stop equities making their contribution in what was a spectacular November. The MSCI global equity index climbed by the record amount of 12.2% within a single calendar month, while the increase of 18.1% to the EURO STOXX 50 index - which has been around since 1986 - was another record. The upturn in the US S&P500 was less spectacular at 10.8%, but this index has already performed much better than its European counterpart this year.