Investors found little respite in April, with most asset classes suffering steep losses.

Most global assets declined in first quarter.

Russia’s invasion of Ukraine sent shockwaves across the world, creating a tragic humanitarian and geopolitical crisis, and introducing new uncertainty to the global economy and financial markets. Investors also continue to grapple with ongoing inflationary risks, central bank policy changes, and COVID-19 developments.

Most global assets experienced broad-based declines in January. Global equities suffered their worst month since March 2020; emerging markets held up better than developed counterparts but remain a significant laggard over the trailing 12-month period. Value and large caps outperformed growth and small-cap equivalents, respectively. Fixed income assets declined as nominal interest rates rose and…

Risk assets surged in fourth quarter, capping off a year of impressive gains.

Risk assets sold off in November as pandemic-related developments introduced new uncertainties to the economic outlook.

Capital markets performance was mixed in third quarter, with muted gains or losses across many asset classes.

Risk-on sentiment returned in August as the global economic recovery continued, albeit at a slowing pace.