Europe Strongest Equity Arena in March
According to a Standard & Poor’s news release,
the S&P/Citigroup Developed World Index gained 2.53% in
March on the heels of Europe’s outperformance.
“World economic data released in March was positive
across the board,” said Nicholas Aninos, analyst at
Standard & Poor’s Index Services, in the news
release. “In the US, consumer confidence levels
rose, inflation remained under control and the Fed
indicated that it will keep inflation in check for the
foreseeable future. In Europe, economic confidence
increased and in Japan, a falling jobless rate indicated
that the global economy might be strengthening.”
Smaller-cap stocks continued to push ahead in March both in
relative and discrete terms. In the developed world,
only Finland, Ireland, Slovenia, and the United Kingdom saw
larger-caps outperform the smaller-caps. In the
developed world for March, the S&P/Citigroup Extended
Market Index gained 4.03% and the S&P/Citigroup Primary
Market Index gained 2.10%, according to S&P.
In emerging markets, the European emerging market region
turned on its heels in March, falling 1.17% for the month.
Emerging market regions Latin America, Asia-Pacific, and
Mid-East Africa registered returns of -1.97%, 3.48% and
3.91% respectively. All told, emerging markets gained
1.51% in March.
The Materials and Telecom Services sectors as defined by
GICS regained their position as top performers in March,
returning 5.46%, and 4.81% respectively for the month.
Energy was the next best performer with a 4.42% return for
the month.
More information is at
http://www.standardandpoors.com
.
You Might Also Like:
Investment Product & Service Launches
Investment Product and Service Launches
Real Asset Allocations in Target-Date Funds
« MassMutual Slapped with Subpoena after Declining O'Connell Documents Demand