Monthly markets review - February 2015
February 2015 was a bullish month for Global markets as investors feasted on falling oil prices, the ECB’s unprecedented liquidity injection into the euro zone, and fought back having initially feared the fallout of Greece’s election result.
4 March 2015
An overview of markets in February 2015, when equities were boosted by a recovery in oil prices and receding worries over Greece.
Global equities delivered positive returns in February, helped by a rebound in oil prices, better economic data from Europe and an easing of concerns over Greece.
US equities gained although economic releases were mixed. Investors focused on stronger real wage growth figures, which added to optimism that the economic recovery can regain momentum.
Eurozone equities were boosted by improving data releases and optimism ahead of the start of the European Central Bank’s (ECB) quantitative easing programme. In the UK, the FTSE 100 surpassed its previous closing peak.
Japanese stocks gained strongly though economic data was mixed with strong industrial production figures but weak consumption data.
Emerging markets made positive returns but lagged developed markets. Russian equities were strong as oil prices recovered and a ceasefire agreement was reached in Ukraine. Turkey lagged due to concern over the independence of the central bank.
Important Information: The views and opinions contained herein are those of Schroders’ Investment team, and may not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds. This material is intended to be for information purposes only and is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. It is not intended to provide and should not be relied on for accounting, legal or tax advice, or investment recommendations. Reliance should not be placed on the views and information in this document when taking individual investment and/or strategic decisions. Past performance is not a reliable indicator of future results. The value of an investment can go down as well as up and is not guaranteed. All investments involve risks including the risk of possible loss of principal. Information herein is believed to be reliable but Schroders does not warrant its completeness or accuracy. Some information quoted was obtained from external sources we consider to be reliable. No responsibility can be accepted for errors of fact obtained from third parties, and this data may change with market conditions. This does not exclude any duty or liability that Schroders has to its customers under any regulatory system. Regions/ sectors shown for illustrative purposes only and should not be viewed as a recommendation to buy/sell. The opinions in this material include some forecasted views. We believe we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know. However, there is no guarantee than any forecasts or opinions will be realised. These views and opinions may change. UK: Schroder Investment Management Limited, 31 Gresham Street, London, EC2V 7QA, is authorised and regulated by the Financial Conduct Authority. For your security, communications may be taped or monitored. Further information about Schroders can be found at www.schroders.com US: Schroder Investment Management North America Inc. is an indirect wholly owned subsidiary of Schroders plc, a SEC registered investment adviser and is registered in Canada in the capacity of Portfolio Manager with the Securities Commission in Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Quebec and Saskatchewan providing asset management products and services to clients in Canada. 875 Third Avenue, New York, NY, 10022, (212) 641-3800. www.schroders.com/us