Investment Commentary – October 2013

October 7, 2013

The third quarter of 2013 finished with a flourish for equities, as markets globally posted gains. These gains were some way off the intra-month highs seen after the great tapering non-event of September, which was initially greeted warmly by global financial markets, but that enthusiasm soon waned and we have steadily traced lower since. Developed markets saw similar gains, with the major outliers being the FTSE 100 (underperforming its peers with a +0.88% rise) and the Spanish IBEX, which saw an impressive +10.80% gain, finishing the quarter up +18.34%.

Investment Commentary – October 2013


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