Economic concerns drive defensive gains in global equities
Video
November 15, 2024
Global equity investors have seen strong returns this year, particularly in momentum, growth and quality portfolios. However, in Q3, there was a shift towards defensive strategies due to concerns over weakening economic growth and increased market volatility, leading to better performance for low volatility and dividend strategies. Mark Carver, Global Head of Equity Factor Products, shares global equity market performance highlights from last quarter and the entire year in the context of a changing market landscape. Mark also provides a deeper analysis of regional and factor performance.
Factor and Sector Behavior Across Macro Regimes
Over the last nearly 50 years, changes in interest rates have had a more pronounced impact on the performance of factor and sector indexes than the rate level itself. Insights from these findings may be helpful in realigning portfolios to a shifting macro view.
Markets in Focus: Looking Beyond the Rate Hikes
Investors face "sticky" inflation, equity-market concentration and expectations that U.S. interest rates may be higher for longer. We examine recent global-markets trends to help as asset allocators and portfolio managers determine their next move.
Markets in Focus: Rate Cuts Ripple Through Export-Oriented Markets
Interest-rate uncertainty and restructured trade networks are drawing attention to export-oriented markets. MSCI's equity models, using foreign-sensitivity exposures, have highlighted wide differences in exporter firms' performance across regions.
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