Returns on risky assets take the lead in March
Global equities gained 3.5% in local currencies and 5.6% translated into DKK according to MSCI ACWI. In March the increases were, once again, led by MSCI DM, up by 4.2%, while MSCI EM fell by 0.9% in local currencies. Despite the strong risk appetite, the returns pattern was somewhat more blurred across equity sectors. In March, returns were led by the Utilities and Consumer Staples sectors, while Technology and Consumer Discretionary generated the lowest returns.
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