Equity and Fixed Income market review

From the slowing down of the Chinese economy, to the vote to exit European Union by UK, to the continued trend of ultra-low to negative interest rates among major economies globally, and demonetisation in India, to the victory of Donald Trump in the US presidential elections and finally the end of the year US Federal reserve first hike of 25 bps in short term interest rates; it’s been a year of great unpredictability.
 
While the global markets, as measured by the S&P Global BMI, was up 8.84% for the year, if US equities’ 12.61% return is excluded, the gain was 4.95%. S&P Developed BMI and S&P Emerging BMI posted positive total returns of 8.6% and 11.30% respectively.
  

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