Author: Robert Ducker

Equity markets have rallied for much of 2021 on the back of improving economic data and encouraging vaccine rollout. Most indices we follow are up in double digits, with global equities (‘MSCI World Index) generating a total return of +14.3 per cent in euro terms (up to June 11). There has also been a change in market leadership as expected, with global value stocks (total return of +18.8 per cent) comfortably outperforming global growth stocks (+9.7 per cent) so far during 2021. Talk of deflation, falling bond yields and lacklustre economic growth, that has prevailed for more than a decade,…

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