Three in a row – another strong year for equities?

I-AM GreenStars Market Commentary

After an exceptional year, we turn our focus on the future: Will markets continue as before or will they deliver new surprises?

Review 2024

Global equities gained just under 25% in 2024, surpassing the 20% gain in 2023. A surprisingly strong US economy, interest rate cuts by central banks and technological innovations were the main drivers. Bonds also held their own, even if the small increase was somewhat smaller than in the previous year. The high base interest rate, supplemented by price gains on the shorter maturities, was able to more than compensate for the price losses on the longer maturities.

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