Monthly Market Returns – September
02 October 2020
Global equities in euro terms finished lower for September with the stronger US dollar helping to curtail the losses for euro global equity investors. The FTSE World Index finished September down 1.3%. Stocks have stumbled over September with a resurgence in coronavirus cases, uncertainty of the economic outlook and the impending US presidential race detracting from the recovery story in recent weeks.
The German 10-year bond yield ended the month lower at -0.52% p.a. As the number of coronavirus deaths exceeded 1 million, investors were keen to hold government bonds as the traditional “safe-haven” asset to help mitigate uncertainty and volatility due to the rising number of coronavirus cases and possibility of a disputed US election which increased demand for bonds and sent yields lower once again.
Bronagh Traynor
Investment Consultant
Bronagh joined Invesco in September 2012 after graduating from Queen’s University Belfast. Bronagh combines her actuarial liability modelling expertise, performance analysis and reporting skills as part of the Investment Consulting team to help guide clients in developing and monitoring robust investment strategies in line with their requirements.