March 2, 2023

Performance Insights - March 2023

monthly report

‘Everything’ rally stalls in February as hopes for early rate relief fade

Download the latest reports

Stocks, bonds and commodity markets broadly fell in February as investors repriced for a ‘higher-for-longer’ trajectory for policy rates in reaction to signs of slowing progress on inflation and surprisingly resilient economic data. The late-month resurgence in bond yields and US dollar underpinned big reversals in market and sector leadership from a month ago.

Key highlights:

  • Global Asset Classes – Rate headwinds strike again
  • Global Equities –  UK back on top; Emerging markets hit hardest
  • Industry Returns – Winners and losers diverged across markets
  • Alternative Indices – Big regional dispersion
  • Factor performance – Value rotation resumes
  • Foreign Exchange – US dollar dominates again

This report provides actionable insights on global performance across asset classes, regions, currencies, industries and styles, using proprietary month-end data from our flagship index families.

Performance Insights is part of a series of Market Maps reports.

To support your investment decision-making, we produce specialist content that provides analysis and insights on a range of investment topics. Go to our hub for valuable Market Insights.

Subscribe to Market Maps reports

Get timely market analysis and commentary on what’s been happening across asset classes, regions, industries and styles.  You’ll receive your report(s) by email as soon as they are published.