Capital Markets Review Digital Archive
Q1 Capital Markets Review
Entering 2025, strong economic momentum gave way to heightened volatility as aggressive U.S. tariff actions disrupted markets and trade relationships. Our report reviews how these shifts impacted public and private markets, identifies actionable investment opportunities, and outlines strategic positioning for a more uncertain global environment.
Q4 Capital Markets Review
Global equities declined 1.0% in Q4 but rose 17.5% in CY 2024, driven by U.S. large-cap stocks (+24.5%) benefiting from strong earnings, economic resilience, and AI-driven tech gains. Fixed income struggled in Q4 as yields surged, though CY 2024 returns remained positive. High-yield bonds and leveraged loans delivered solid returns for the year despite rising rates. Alternative assets, including hedge funds (+5.3%), private equity (+5.9%), and private credit, provided steady gains. With heightened geopolitical risks and potential volatility tied to U.S. policies, our report examines these trends and outlines portfolio adjustments for the evolving landscape.
Capital Markets Executive Summary
Global equity markets advanced 6.6% in Q3, bringing YTD gains to 18.8% through early October, with emerging markets leading the way. Fixed income appreciated as interest rates fell, and alternative assets like hedge funds, private equity, and private credit posted positive returns. Our report explores these trends and provides insights on portfolio positioning amid mixed economic signals and potential election-driven volatility.
Capital Markets Executive Summary
Global equity markets continued to rise in Q2 2024, while exhibiting significant sectoral and regional trends. US large-cap stocks lead the charge, driven by robust corporate earnings and favorable inflation data. Growth stocks, particularly those linked to AI, outperformed. Our report explores these and other equity market performance disparities, as well as developments in fixed income, hedge funds and private markets.
Capital Markets Review PDF Archive
To access and download PDF copies of our Capital Markets Reviews, please click the link provided below.
2025
Q1 2025 Capital Markets Review
April 2025
2024
Q4 2024 Capital Markets Review
January 2025
Q3 2024 Capital Markets Review
October 2024
Q2 2024 Capital Markets Review
July 2024
Q1 2024 Capital Markets Review
April 2024
2023
Q4 2023 Capital Markets Review
January 2024
Q3 2023 Capital Markets Review
November 2023
Q2 2023 Capital Markets Review
July 2023
Q1 2023 Capital Markets Review
April 2023
2022
Q4 2022 Capital Markets Review
January 2023
Q3 2022 Capital Markets Review
November 2022
Q2 2022 Capital Markets Review
July 2022
Q1 2022 Capital Markets Review
April 2022
2021
Q4 2021 Capital Markets Review
February 2022
Q3 2021 Capital Markets Review
November 2021
Q2 2021 Capital Markets Review
August 2021
Q1 2021 Capital Markets Review
May 2021
2020
Q4 2020 Capital Markets Review
February 2021
Q3 2020 Capital Markets Review
November 2020
Q2 2021 Capital Markets Review
August 2020
Q1 2020 Capital Markets Review
May 2020
