We take this opportunity to provide a broader summary of the year as a whole.
Global equities enjoyed another exceptionally strong year in 2024. US stocks were the standout performers due to higher economic growth rates and a greater weighting to the best performing sectors of the past 12 months, in particular technology.
Although major central banks began cutting interest rates, the size of the reductions was smaller than many had anticipated at the start of the year, causing bonds to underperform.
