People People. While China’s initial steps to support its economy may provide temporary relief for the markets, volatility is likely to persist around the news flow. Awarded to T. Rowe Price for 2020 U.S. Morningstar Exemplary Stewardship and to Jerome Clark for 2020 U.S. Morningstar Outstanding Portfolio Manager, U.S.A. © 2020 T. Rowe Price. As the virus continues to spread, it remains to be seen if it will be a temporary shock to the global economy or have more long-lasting impacts. The verification report is available upon request. Schroder AS and Schroder GAIA II are governed by the provisions of Part II of the Law. 04 Global markets overview: stocks, oil extend recovery; 05 In brief; Barometer of financial markets june investment outlook. Could a return of inflation be the catalyst needed to get a sustained rotation from growth to value stocks? To complete sign in and be redirected to your registered country, please select continue. “The market clearly has concerns about Covid and shutdowns but it would not surprise me at all if in a week or two there’s a completely different narrative,” said Evan Brown, head of multi-asset strategy at UBS Asset Management. NOT FOR FURTHER DISTRIBUTION. Tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. 2020 signals the start of a decade where the pursuit of purpose has become more widely entrenched and influential. By contrast, the European stock markets suffered losses alongside a stronger euro. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. If you don't see an email, please check your spam folder or, We've been unable to send a confirmation through to the email address provided. Within equities, we have diversified our quality and growth bias, which is increasingly a consensus trade, by adding some exposure to US small caps. break; Bloomberg Index Services Limited. However, despite increased stimulus following the global financial crisis (GFC), over the past 10 years, inflation in consumer prices has remained muted, while only asset prices have increased. Schroder ISF, Schroder GAIA and Schroder SSF qualify as SICAVs under Part I of the law of 17 December 2010 relating to undertakings for collective investment (the “Law”). Copyright © 2020 Willis Towers Watson. quarter = 'Q2'; The overall balance of risks has shifted in a slightly more reflationary direction led by a continued chance of a V-shape recovery. //