Geopolitical risk premiums priced in in February
According to MSCI ACWI, global equities lost 2.6% in local currency last month. Translated into DKK, this was a decrease of 2.5%, led by Europe, which was followed by the U.S., whereas equity indices in Japan and the other Asian countries reported a smaller decrease. MSCI Russia dropped by 36% in local currency and nearly 53% in DKK in February. Companies within Materials and Energy yielded the highest returns, and companies within Tech and Consumer Discretionaries the lowest returns in the month.
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