Investment Commentary – May 2015

May 14, 2015

Equity markets were mixed in April with strength in the UK and US amidst weakness in parts of Europe. Portugal was the best performing developed market bourse, giving a total return of +3.20%. The FTSE 100 and the Nikkei followed behind, rising +3.15 and +1.63% respectively, with the latter closing above the 20,000 level for the first time in 15 years. The S&P 500, NASDAQ and Dow Jones Industrial rose +0.96%, +0.83% and +0.36% respectively as American markets benefited from a weakening of the US Dollar and the first monthly fall in the Dollar Index since June 2014 (-3.8%). German equity was the month’s laggard, falling -4.28% as a strengthening Euro and fears over Greece combined to unnerve investors.


Investment Commentary May 15

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