Global Equity Environment Analysis

Key Points- August 2021 Market Review

• Value and Small Cap outperform all other factors over 1 year period. Value style recovery slows down across Global markets.
• Developed market outperforms Frontier markets and EM. Top 2 Developed markets countries- Austria and Netherlands deliver returns in excess of 50%.
• Financial, Material and IT sector outperformed over 1 year period. IT and Consumer Discretionary have been resilient over medium to long term.
• Rolling 12-month EM and Frontier market equity volatility subsides however Australian market volatility remains elevated.
• Australia’s correlation with overall Global market steadily rises, reflecting its growing importance