Global equities rose slightly by 0.1% (in local currency terms) in November, with Eurozone markets rising by 0.3% and North America falling by -0.3% (in EUR terms). The US dollar weakened against the Euro over the month.
European equities posted a modest gain in November, supported by attractive valuations relative to the US market.
US equity markets were volatile in November, with early losses reversing after a late-month rally.
The sample DB scheme’s funding level slipped to c.107% during the month, reflecting a decline in asset values.
Our High Risk, Medium Risk & Pension Purchase DC strategies all experienced negative returns over the month.
