Global equities posted modest returns in July as central banks shifted to more accommodative policies.

Global equities rallied in second quarter despite mounting trade and geopolitical uncertainties, as global central banks indicated a willingness to ease policy.

Global risk assets sold off in May and bond yields sank to multi-year lows as escalating trade tensions heightened uncertainty regarding the global growth outlook.

Global risk assets continued their 2019 ascent in April as major US stock market indexes reached new all-time highs.

Global risk assets excelled—despite ongoing concerns about slowing global growth and a spate of unresolved geopolitical issues.

Global equities continued their strong start to the year in February, and some markets experienced their best two-month start in decades.

Fourth quarter’s steep decline appeared overdone as markets rallied despite further downgrades to global growth expectations, softening corporate earnings results, and heightened geopolitical risks.

Volatility increased dramatically last quarter as tightening financial conditions, global growth concerns, and tempestuous political developments weighed on investor sentiment. Several major US and non-US equity indexes either approached or entered bear market territory amid the risk-off environment.

Global risk assets suffered significant drawdowns in October as capital markets experienced a fresh bout of volatility.

Global risk assets suffered significant drawdowns in October as capital markets experienced a fresh bout of volatility.