For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
World Equity Market Registers Strong Growth in April
Europe was the strongest performing market with a 5.29% gain in April, followed by Asia-Pacific with a gain of 4.06%, S&P data showed. North America registered a 1.48% return.
Developed world currencies rose significantly against the US dollar, with the Singapore dollar gaining 2.31% and the Australian dollar rising 6.41%.
The larger-cap S&P/Citigroup Primary Market Index (+3.15%) outperformed the smaller-cap S&P/Citigroup Extended Market Index (+2.75%). However, the European small-caps EMI gained 5.99% versus 5.07% for the large-caps PMI.
The Energy and Materials sectors remained the top sector performers, returning 6.35% and 6.03% respectively. The Metals & Mining industry, which makes up nearly half of the Materials sector, rose 8.28% in April aided by rising commodity prices.
The complete S&P World by Numbers report can be accessed here .