Monthly markets review May 2015

An overview of markets in May 2015, when UK shares were boosted by the general election outcome and emerging markets underperformed.


May's market highlights:

  • Global equities managed to eke out positive returns in May. Emerging markets delivered a negative return, lagging their developed market peers.
  • The S&P 500 struck a new all-time high. There was a so-called “reluctant rally’” as investors continued to view equities as the least bad option. GDP data was disappointing but largely attributed to poor weather.
  • Eurozone equity gains were somewhat muted. GDP growth for the region accelerated to 0.4% but German growth disappointed. UK equities were buoyed by a general election victory for the Conservative Party.
  • Japanese stocks registered positive returns amid better economic data and further weakness in the yen.
  • In emerging markets, Brazilian shares came under pressure amid fears tax breaks on equities would be ended. Chinese equities experienced weakness as the authorities took steps to rein in the recent market rally.

Important information: The views and opinions contained herein are those of the named author(s) on this page, and may not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds. This document is intended to be for information purposes only and it 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. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Schroder Investment Management Ltd (Schroders) does not warrant its completeness or accuracy. The data has been sourced by Schroders and should be independently verified before further publication or use. No responsibility can be accepted for error of fact or opinion. This does not exclude or restrict any duty or liability that Schroders has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions. Past Performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.  Exchange rate changes may cause the value of any overseas investments to rise or fall. Any sectors, securities, regions or countries shown above are for illustrative purposes only and are not to be considered a recommendation to buy or sell. The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change. Forecasts and assumptions may be affected by external economic or other factors. Issued by Schroder Unit Trusts Limited, 31 Gresham Street, London, EC2V 7QA. Registered Number 4191730 England. Authorised and regulated by the Financial Conduct Authority.